The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has upheld an addition by finding that the share transaction leads to long term capital gain were actually sham transactions to evade income tax. The assessee disclosed long term capital gain of Rs.23,22,498/- earned by sale of equity shares of Kappac Pharma Ltd. During the […]
The post ITAT upholds Addition since Share Transactions are Sham Transaction to evade Tax [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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