https://www.taxtmi.com/caselaws?id=248418 The appellant's appeal against the denial of exemption under section 10(38) of the Income-tax Act, 1961, on long term capital gains from the sale of shares was successful. The Tribunal found discrepancies in the communication of objections and lack of clarity in the assessment, leading to a violation of natural justice principles. The decision was set aside, and the case was remanded to the assessing officer for reconsideration, emphasizing the need for a fair hearing and compliance with legal procedures. The appellant's right to be heard was upheld, and the assessing officer was directed to address the observations made by the Tribunal. en-us Mon, 26 May 2014 00:00:00 +0530 Thu, 12 Jun 2014 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248418 The appellant's appeal against the denial of exemption under section 10(38) of the Income-tax Act, 1961, on long term capital gains from the sale of shares was successful. The Tribunal found discrepancies in the communication of objections and lack of clarity in the assessment, leading to a violation of natural justice principles. The decision was set aside, and the case was remanded to the assessing officer for reconsideration, emphasizing the need for a fair hearing and compliance with legal procedures. The appellant's right to be heard was upheld, and the assessing officer was directed to address the observations made by the Tribunal. Case-Laws Income Tax Mon, 26 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248418