https://www.taxtmi.com/caselaws?id=272365 The Tribunal upheld the CIT(A)'s decision to treat the profit on the sale of shares as short-term capital gains taxable at 10% under Section 111A of the Income-tax Act, 1961. The Tribunal dismissed the Revenue's appeals and rejected the addition made under Section 68 for unexplained credits. The decision was based on the thorough documentation provided by the assessee, proving the genuineness of the transactions and compliance with statutory conditions. The Tribunal found no grounds to overturn the CIT(A)'s well-supported conclusions. en-us Mon, 29 Feb 2016 00:00:00 +0530 Mon, 07 Mar 2016 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272365 The Tribunal upheld the CIT(A)'s decision to treat the profit on the sale of shares as short-term capital gains taxable at 10% under Section 111A of the Income-tax Act, 1961. The Tribunal dismissed the Revenue's appeals and rejected the addition made under Section 68 for unexplained credits. The decision was based on the thorough documentation provided by the assessee, proving the genuineness of the transactions and compliance with statutory conditions. The Tribunal found no grounds to overturn the CIT(A)'s well-supported conclusions. Case-Laws Income Tax Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272365