https://www.taxtmi.com/caselaws?id=195579 The Tribunal allowed both appeals of the assessees, directing the Assessing Officer to accept their claims based on the previous Tribunal decision. The treatment of long term capital gains as cash credit under section 69C of the Act was challenged, with the Tribunal finding no basis for confirming the additions and subsequently deleting them. The validity of re-assessment was raised but dismissed. The Tribunal's decision favored the assessees, emphasizing adherence to previous Tribunal rulings and critiquing the CIT (A) for not following the Tribunal's order in a related case. en-us Wed, 26 Apr 2017 00:00:00 +0530 Wed, 29 Nov 2017 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195579 The Tribunal allowed both appeals of the assessees, directing the Assessing Officer to accept their claims based on the previous Tribunal decision. The treatment of long term capital gains as cash credit under section 69C of the Act was challenged, with the Tribunal finding no basis for confirming the additions and subsequently deleting them. The validity of re-assessment was raised but dismissed. The Tribunal's decision favored the assessees, emphasizing adherence to previous Tribunal rulings and critiquing the CIT (A) for not following the Tribunal's order in a related case. Case-Laws Income Tax Wed, 26 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195579