https://www.taxtmi.com/caselaws?id=270913 The Appellate Tribunal ITAT Mumbai upheld the legitimacy of the long term capital gains claimed by the assessee on shares of Database Finance Ltd. The Tribunal found the transactions genuine, supported by evidence including broker's notes and account entries. The ld. CIT(A) determined that the assessee had sufficiently proven the authenticity of the share transactions, highlighting the lack of evidence from the Revenue to challenge their legitimacy. The Tribunal dismissed the Revenue's appeal, emphasizing the necessity of substantial evidence in tax matters and ruling in favor of the assessee. en-us Wed, 09 Sep 2015 00:00:00 +0530 Wed, 20 Jan 2016 05:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270913 The Appellate Tribunal ITAT Mumbai upheld the legitimacy of the long term capital gains claimed by the assessee on shares of Database Finance Ltd. The Tribunal found the transactions genuine, supported by evidence including broker's notes and account entries. The ld. CIT(A) determined that the assessee had sufficiently proven the authenticity of the share transactions, highlighting the lack of evidence from the Revenue to challenge their legitimacy. The Tribunal dismissed the Revenue's appeal, emphasizing the necessity of substantial evidence in tax matters and ruling in favor of the assessee. Case-Laws Income Tax Wed, 09 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270913