ITAT Deletes Bogus LTCG Addition, Holds Investigation Wing Report Alone Cannot Prove Sham Share Transactions:

The ITAT deletes the Rs 45.91 lakh LTCG addition, holding that a mere investigation wing report without direct evidence cannot prove bogus share transactions under section 68.

ITAT Deletes Section 68 Addition on Share Sale Gains

Saloni Kumari

Jul 20, 2026

Last update on Jul 20, 2026

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ITAT Deletes Bogus LTCG Addition, Holds Investigation Wing Report Alone Cannot Prove Sham Share Transactions

The ITAT deletes the Rs 45.91 lakh LTCG addition, holding that a mere investigation wing report without direct evidence cannot prove bogus share transactions under section 68.

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Saloni Kumari

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Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].