Section 69C Commission Addition Falls After Section 68 Deletion

Ruby Jain Vs ITO (ITAT Agra) ITAT Agra Deletes Section 68 Addition on Share Sale Proceeds; Bank Statement Not ‘Books of Account’ The Agra Bench of the ITAT allowed the assessee’s appeal and deleted the addition of ₹16,88,061 made under section 68 on account of sale proceeds of listed shares, along with the consequential addition of ₹50,645 under section 69C towards alleged commission for accommodation entries. The assessee, an individual not maintaining books of account and having no business income, had claimed exemption under section 10(38) on long-term capital gains arising from s...