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2020 (12) TMI 181 - AT - Income TaxAddition u/s 68 - Bogus LTCG - treating the entire sale receipts as income u/s 115BBE - HELD THAT:- Assessee has successfully discharged the onus cast upon him by provisions of section 68 of the Act and as mentioned elsewhere, such discharge is purely a question of fact. We, accordingly, direct the Assessing Officer to accept the long term capital gain on sale of shares of LDPL declared as such. Since we have accepted the genuineness of long term capital gain, we do not find any merit in the consequential addition and the same is also directed to be deleted. - Decided in favour of assessee.
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