https://www.taxtmi.com/caselaws?id=328423 The Tribunal allowed the appeal of the assessee, directing the AO to delete the addition under Section 68 and accept the LTCG income as exempt under Section 10(38). The Tribunal found the AO's addition was based on presumptions without proper investigation, while the assessee provided substantial evidence to prove the genuineness of transactions. The appeal was allowed, and the order was pronounced on 27th April 2016. en-us Wed, 27 Apr 2016 00:00:00 +0530 Fri, 03 Jun 2016 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328423 The Tribunal allowed the appeal of the assessee, directing the AO to delete the addition under Section 68 and accept the LTCG income as exempt under Section 10(38). The Tribunal found the AO's addition was based on presumptions without proper investigation, while the assessee provided substantial evidence to prove the genuineness of transactions. The appeal was allowed, and the order was pronounced on 27th April 2016. Case-Laws Income Tax Wed, 27 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328423