https://www.taxtmi.com/caselaws?id=182147 The Revenue's appeal was dismissed by the Tribunal, upholding the CIT(A)'s decision on both issues. The Tribunal found no reason to overturn the CIT(A)'s findings, rejecting the Revenue's arguments. The first issue regarding the exemption under section 10(38) for profits on the sale of shares was decided in favor of the assessee, treating the profits as long-term capital gains. The second issue concerning the addition under section 69 for unexplained investment in National Housing Board bonds was also resolved in favor of the assessee, with the Tribunal sustaining the deletion of the addition. en-us Fri, 31 Dec 2010 00:00:00 +0530 Tue, 03 May 2016 17:33:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182147 The Revenue's appeal was dismissed by the Tribunal, upholding the CIT(A)'s decision on both issues. The Tribunal found no reason to overturn the CIT(A)'s findings, rejecting the Revenue's arguments. The first issue regarding the exemption under section 10(38) for profits on the sale of shares was decided in favor of the assessee, treating the profits as long-term capital gains. The second issue concerning the addition under section 69 for unexplained investment in National Housing Board bonds was also resolved in favor of the assessee, with the Tribunal sustaining the deletion of the addition. Case-Laws Income Tax Fri, 31 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182147