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2021 (3) TMI 1169 - AT - Income TaxBogus LTCG - addition u/s 68 - long term on sale of equity share and 3% commission on sale value of shares through registered stock exchange - eligibility for exemption u/s 10(38) denied - HELD THAT:- As the assessee has successfully discharged the onus cast upon him by provisions of section 68 of the Act and such discharge is purely a question of fact. We, accordingly, direct the Assessing Officer to accept the long term capital gain declared as such and allow exemption u/s 10(38) of the Act. In light of the above, we delete the impugned addition made on account of unexplained cash credits u/s 68 - Decided in favour of assessee.
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