No addition u/s 68 of bogus LTCG if assessee furnishes sufficient evidences

Smt. Radhika Garg Vs ITO (ITAT Delhi) Conclusion: Where the documentary evidences furnished by assessee clearly supported the claim of exemption under section 10(38) on account of sale of securities that assessee entered into genuine transaction of sale of shares through recognized exchange upon which STT had also been paid and there was no other evidence available on record against assessee so as to make the impugned addition under section 68, accordingly, addition was to be deleted. Held: During the year, assessee had claimed exemption under section 10(38) on account of sale of securities. T...