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2022 (11) TMI 269 - AT - Income TaxBogus LTCG - claim of exemption u/s. 10(38) of the Act in respect of long-term capital gains (LTCG) arising from sale of shares denied - HELD THAT:- As respectfully following the decision of this Tribunal dated 17.10.2022 [2022 (10) TMI 728 - ITAT KOLKATA] as well as in the light of ratio laid down in the case of Swati Bajaj & Others [2022 (6) TMI 670 - CALCUTTA HIGH COURT] find no infirmity in the orders of the ld. CIT(Appeals) holding the alleged LTCG for sale of equity shares as bogus and not eligible to exemptions under section 10(38) of the Act and also confirming the addition of commission expenditure incurred for arranging bogus LTCG and dismiss the appeals of the assesses.
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