https://www.taxtmi.com/caselaws?id=351025 The Income Tax Appellate Tribunal (ITAT) upheld the decision of the Commissioner of Income Tax (Appeals) [CITA], dismissing the revenue's appeal. The ITAT found that the assessee had provided sufficient evidence to support the genuineness of the transactions, and the AO's conclusions were deemed unfounded. The ITAT concluded that the assessee was entitled to the exemption for long-term capital gains, and the addition made by the AO was not justified. en-us Wed, 18 Oct 2017 00:00:00 +0530 Fri, 17 Nov 2017 08:36:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351025 The Income Tax Appellate Tribunal (ITAT) upheld the decision of the Commissioner of Income Tax (Appeals) [CITA], dismissing the revenue's appeal. The ITAT found that the assessee had provided sufficient evidence to support the genuineness of the transactions, and the AO's conclusions were deemed unfounded. The ITAT concluded that the assessee was entitled to the exemption for long-term capital gains, and the addition made by the AO was not justified. Case-Laws Income Tax Wed, 18 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351025