https://www.taxtmi.com/caselaws?id=354552 The Tribunal upheld the Assessing Officer's decision to treat the sale profit as Short Term Capital Gain (STCG) instead of Long Term Capital Gain (LTCG) due to insufficient evidence supporting the holding period claim. Additionally, the Tribunal affirmed the addition of unexplained cash credit under Section 68, as the explanations provided by the assessee were deemed implausible and lacked documentary support. The Tribunal's decision was pronounced on 01/12/2017, dismissing the assessee's appeal on both issues. en-us Fri, 01 Dec 2017 00:00:00 +0530 Wed, 31 Jan 2018 08:51:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354552 The Tribunal upheld the Assessing Officer's decision to treat the sale profit as Short Term Capital Gain (STCG) instead of Long Term Capital Gain (LTCG) due to insufficient evidence supporting the holding period claim. Additionally, the Tribunal affirmed the addition of unexplained cash credit under Section 68, as the explanations provided by the assessee were deemed implausible and lacked documentary support. The Tribunal's decision was pronounced on 01/12/2017, dismissing the assessee's appeal on both issues. Case-Laws Income Tax Fri, 01 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354552