https://www.taxtmi.com/caselaws?id=349013 The Tribunal allowed the appeal, directing the AO to treat the surplus as Long Term Capital Gain (LTCG) and grant the exemption claimed by the assessee. The Tribunal found the transactions genuine based on supporting documents and rejected the addition of income under Section 68 of the Income Tax Act. The issue of the validity of the assessment under Section 143(3) read with Section 147 was not addressed as it was not raised by the assessee during the proceedings. en-us Thu, 28 Sep 2017 00:00:00 +0530 Thu, 05 Oct 2017 09:44:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349013 The Tribunal allowed the appeal, directing the AO to treat the surplus as Long Term Capital Gain (LTCG) and grant the exemption claimed by the assessee. The Tribunal found the transactions genuine based on supporting documents and rejected the addition of income under Section 68 of the Income Tax Act. The issue of the validity of the assessment under Section 143(3) read with Section 147 was not addressed as it was not raised by the assessee during the proceedings. Case-Laws Income Tax Thu, 28 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349013