https://www.taxtmi.com/caselaws?id=188555 The Tribunal allowed all the appeals of the assessee, holding that the purchase and sale of shares were genuine and the gains obtained should be taxed under the head 'capital gain.' The Tribunal emphasized the lack of concrete evidence to disprove the transactions, stating the Revenue's case relied on suspicion and conjecture. The decision was pronounced on 24th September 2010. en-us Fri, 24 Sep 2010 00:00:00 +0530 Mon, 05 Dec 2016 17:28:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188555 The Tribunal allowed all the appeals of the assessee, holding that the purchase and sale of shares were genuine and the gains obtained should be taxed under the head 'capital gain.' The Tribunal emphasized the lack of concrete evidence to disprove the transactions, stating the Revenue's case relied on suspicion and conjecture. The decision was pronounced on 24th September 2010. Case-Laws Income Tax Fri, 24 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188555