Unexplained money received back via banking channel in form of sale consideration taxable u/s 115BBE

Rahul Gupta (HUF) Vs ACIT (ITAT Raipur) ITAT Raipur held that unexplained money u/s 69A of the Income Tax Act was received back through banking channel in the form of sale consideration of the shares. Accordingly, the same has to be brought to tax u/s 115BBE of the Income Tax Act. Facts- The assessee-HUF had e-filed its return of income for A.Y.2015-16. Subsequently, the case of the assessee was selected for “complete scrutiny” under CASS for examination of “suspicious sale transaction in shares (Penny Stock tab in ITS), and notice under Section 143(2) of the Income Tax Act was issued. D...