Transaction records alone can’t prove genuine share gains: Why ITAT upheld ₹14.85 lakh tax addition

Ahmedabad ITAT upheld a ₹14.85 lakh addition in a share-trading case after finding that transaction records alone did not establish the genuineness of gains from Kushal Tradelink shares. The tribunal, however, sent the taxpayer’s separate ₹40.74 lakh long-term capital-loss claim back to the CIT(A).

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