Assessing Officer reopened assessment on ground that long-term capital gain declared by assessee was bogus in nature on basis of report of Investigation Wing  that  person named Giriraj  Kishore  Agarwal has provided bogus entries in respect of sale of shares of Moryo Industries Ltd  which was purchased in   physical form, got it transferred in his name and later dematerialised. The AO made addition under  S. 68 of the Act. On appeal the CIT(A) deleted the addition. On appeal the Tribunal held that payment for purchase of shares was made through banking channels and assessee had furnished copy of demat statement, which showed entry and exit of shares.  Assessing Officer had not found fault with any of documents furnished by assessee evidencing purchase and sale of shares and had also not carried out any independent enquiry with regard to transactions carried on by assessee.  On facts  order of the CIT(A) is affirmed. (AY. 2014-15)