Sec. 68 additions were unjustified as AO failed to controvert genuineness of evidence produced by assessee : ITAT

INCOME TAX : Where AO made addition under section 68 in respect of LTCG declared by assessee from sale of shares by treating said transaction as bogus, since assessee had produced all necessary documentary evidences to prove genuineness of its transaction and Assessing Officer failed to produce any material/evidence to controvert genuineness of such evidences produced by assessee in support of his claim, impugned addition was to be deleted

from www.taxmann.com Latest Case Laws https://ift.tt/38eIC4K