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2023 (6) TMI 921 - AT - Income TaxAddition u/s 68 - LTCG on sale of shares, being held to be bogus and mere accommodation entries -primary contention of assessee that the finding of the authorities below of the transaction of sale of shares being bogus was flawed since the assessee had discharged its onus of proving the genuineness of the transactions - HELD THAT:- As noted the decision of Swati Bajaj [2022 (6) TMI 670 - CALCUTTA HIGH COURT] having dealt with an identical issue of alleged bogus long term capital gain from transaction in penny stocks, dealing with all arguments as raised in the present case before us, is squarely applicable in the present cases before us. Applying the same therefore, the order of the Ld.CIT(A) confirming the addition made on account of bogus long term capital gains claimed by the assessee is upheld. Grounds raised by the assessee are dismissed.
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