Addition u/s 68 - bogus LTCG - off market purchase in physical ...

Off-market share purchase without source proof leads to disallowed LTCG exemption u/s 10(38); income added u/s 68.

April 9, 2019

Case Laws Income Tax AT

Addition u/s 68 - bogus LTCG - off market purchase in physical form by paying cash - The assessee has failed to furnish the proof of source for the purchase transactions - LTCG claimed exempt u/s. 10(38)is disallowed and sales proceeds on sale of shares added u/s 68

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Addition u/s 68 - bogus LTCG - off market purchase in physical ...

Off-market share purchase without source proof leads to disallowed LTCG exemption u/s 10(38); income added u/s 68.

April 9, 2019

Case Laws Income Tax AT

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