No sec. 68 additions if assessee proved genuineness of transaction of sale of shares resulting in LTCG

IT : Where Tribunal, without considering material placed on record by assessee, upheld additions under section 68 made to income of assessee in respect of bogus creditors and further such additions resulted in huge gross profit ratio which could not arise in type of business of assessee, impugned additions were unjustified and matter was to be reconsidered afresh by Tribunal

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