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2022 (10) TMI 339 - AT - Income TaxAddition u/s 68 - genuineness of the transactions entered into by the appellant for purchase and sale of shares not proved - HELD THAT:- As stated by the CIT(A) that the financial capacity of Shri Manoj Aggarwal was not commensurate the transaction carried out by him. The assessee has not contradicted this by placing any contrary material on record. Therefore, do not see any reason to disturb the finding of Assessing Authority, the same are rejected. Thus, grounds raised by the assessee are dismissed.
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