https://www.taxtmi.com/caselaws?id=361461 The tribunal reversed the First Appellate Authority's decision, ruling in favor of the assessee regarding the addition made under 'income from short term capital gains.' The tribunal found no transfer of a capital asset by the assessee during the relevant period and disagreed with the AO and FAA's assessment. The appeal by the assessee was allowed, and the tribunal did not address the validity of the assessment proceedings due to the favorable decision on the merits. en-us Fri, 01 Jun 2018 00:00:00 +0530 Wed, 06 Jun 2018 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361461 The tribunal reversed the First Appellate Authority's decision, ruling in favor of the assessee regarding the addition made under 'income from short term capital gains.' The tribunal found no transfer of a capital asset by the assessee during the relevant period and disagreed with the AO and FAA's assessment. The appeal by the assessee was allowed, and the tribunal did not address the validity of the assessment proceedings due to the favorable decision on the merits. Case-Laws Income Tax Fri, 01 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361461