Arvind Kumar Kotawal v. ACIT (2025) 212 ITD 269 (Delhi)(Trib.)

S. 68 : Cash credits-Long term capital gains on listed shares-Documentary evidence furnished-Addition as bogus LTCG unjustified. [S. 10(38), 45, 115BBE]

Assessee earned LTCG on listed shares and claimed exemption u/s 10(38). AO treated the gain as bogus and taxed under section 68/115BBE. Tribunal noted that shares were regularly traded, held in demat, supported by broker ledger and bank statements. In similar cases additions were deleted. Hence, addition was unjustified and deleted.(AY. 2014-15)

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