https://www.taxtmi.com/caselaws?id=240141 The Tribunal dismissed the revenue's appeals and upheld the CIT(A)'s decision to treat Long Term Capital Gains (LTCG) as such, rather than as undisclosed cash credit. The Tribunal found the purchase and sale transactions of shares to be legitimate, supported by credible evidence, refuting the Assessing Officer's suspicions. The judgment highlighted the significance of concrete evidence in establishing the authenticity of financial transactions, emphasizing that genuine transactions should not be disregarded based solely on suspicion. en-us Wed, 13 Mar 2013 00:00:00 +0530 Wed, 27 Nov 2013 00:41:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240141 The Tribunal dismissed the revenue's appeals and upheld the CIT(A)'s decision to treat Long Term Capital Gains (LTCG) as such, rather than as undisclosed cash credit. The Tribunal found the purchase and sale transactions of shares to be legitimate, supported by credible evidence, refuting the Assessing Officer's suspicions. The judgment highlighted the significance of concrete evidence in establishing the authenticity of financial transactions, emphasizing that genuine transactions should not be disregarded based solely on suspicion. Case-Laws Income Tax Wed, 13 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240141