https://www.taxtmi.com/caselaws?id=118827 The Tribunal upheld the CIT(A)'s decision, affirming the treatment of the sale of shares as a long-term capital gain and granting the exemption under section 54F of the Income-tax Act, 1961. However, regarding the addition of Rs. 1,15,000 for stamp duty as income under section 68, the Tribunal remanded the issue to the AO for further verification. The appeal of the revenue was partly allowed for statistical purposes, necessitating a re-examination of the source of funds for the stamp duty payment. en-us Fri, 09 Sep 2005 00:00:00 +0530 Sat, 20 Apr 2024 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118827 The Tribunal upheld the CIT(A)'s decision, affirming the treatment of the sale of shares as a long-term capital gain and granting the exemption under section 54F of the Income-tax Act, 1961. However, regarding the addition of Rs. 1,15,000 for stamp duty as income under section 68, the Tribunal remanded the issue to the AO for further verification. The appeal of the revenue was partly allowed for statistical purposes, necessitating a re-examination of the source of funds for the stamp duty payment. Case-Laws Income Tax Fri, 09 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118827