Bogus LTCG - disallowance of exemption claimed by assessee u/s ...

Exemption Denied: No Evidence of Prearranged Transactions; Additions Deleted u/s 10(38) for Long-Term Capital Gains.

May 7, 2021

Case Laws Income Tax AT

Bogus LTCG - disallowance of exemption claimed by assessee u/s 10(38) on account of LTCG - there is no live link in the order of SEBI about the transactions of shares of assessee under scrutiny, so such order cannot be read against the assessee in absence of ant corroborative evidence. In fact there is no evidence on record that the assessee made any prearranged transactions. - Additions deleted - AT

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Bogus LTCG - disallowance of exemption claimed by assessee u/s ...

Exemption Denied: No Evidence of Prearranged Transactions; Additions Deleted u/s 10(38) for Long-Term Capital Gains.

May 7, 2021

Case Laws Income Tax AT

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