Case Law Details
Case Name : Yuvraj Ahuja Vs DCIT (ITAT Delhi)
Related Assessment Year : 2015-16
Courts :
All ITAT ITAT Delhi
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Yuvraj Ahuja Vs DCIT (ITAT Delhi)
ITAT Delhi held that addition of unexplained credit u/s 68 of the Income Tax Act sustained as the appellant failed to provide any explanation with regard to the nature and source of the credit.
Facts- The AO made addition of Rs. 1,25,36,661/- u/s. 68 of the Act. During the assessment proceedings, the AO noticed that the assessee had claimed exemption of Rs. 1,20,98,091/- being LTCG u/s 10(38). The assessee had purchased shares of M/s SMP Securities and M/s SS Corporat
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