https://www.taxtmi.com/caselaws?id=362735 The Tribunal upheld the Ld. CIT(A)'s decision, dismissing the Revenue's appeal regarding the classification of income under capital gains or other sources. The Tribunal emphasized the importance of providing essential evidence and the binding nature of precedent judgments. The decision was limited to the specific case's facts, allowing the Revenue to challenge alleged bogus purchases in other cases if new evidence arises. The appeal was denied based on existing evidence and reliance on precedent judgments from the ITAT Hyderabad. en-us Tue, 29 May 2018 00:00:00 +0530 Sat, 30 Jun 2018 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362735 The Tribunal upheld the Ld. CIT(A)'s decision, dismissing the Revenue's appeal regarding the classification of income under capital gains or other sources. The Tribunal emphasized the importance of providing essential evidence and the binding nature of precedent judgments. The decision was limited to the specific case's facts, allowing the Revenue to challenge alleged bogus purchases in other cases if new evidence arises. The appeal was denied based on existing evidence and reliance on precedent judgments from the ITAT Hyderabad. Case-Laws Income Tax Tue, 29 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362735