https://www.taxtmi.com/caselaws?id=178623 The appeals by the Revenue were allowed for statistical purposes. The Tribunal found that the treatment of Long Term Capital Gains (LTCG) and gifts received as unexplained credits under section 68 required further adjudication based on establishing the identity, creditworthiness of the creditors, and the genuineness of the transactions. The matter was remanded back to the file of the CIT(A) for fresh adjudication in accordance with law, with specific findings of fact to be issued after hearing both sides. en-us Fri, 05 Apr 2013 00:00:00 +0530 Tue, 05 Apr 2016 09:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178623 The appeals by the Revenue were allowed for statistical purposes. The Tribunal found that the treatment of Long Term Capital Gains (LTCG) and gifts received as unexplained credits under section 68 required further adjudication based on establishing the identity, creditworthiness of the creditors, and the genuineness of the transactions. The matter was remanded back to the file of the CIT(A) for fresh adjudication in accordance with law, with specific findings of fact to be issued after hearing both sides. Case-Laws Income Tax Fri, 05 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178623