https://www.taxtmi.com/caselaws?id=363513 The tribunal partially allowed the appeal, holding that the reopening of assessment lacked sufficient evidence and violated principles of natural justice. The tribunal accepted the genuineness of the share transactions, directing the Assessing Officer to grant exemption for Long Term Capital Gain under Section 10(38). The tribunal rejected the Revenue's assertion that the transactions were bogus. en-us Thu, 05 Jul 2018 00:00:00 +0530 Fri, 13 Jul 2018 06:14:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363513 The tribunal partially allowed the appeal, holding that the reopening of assessment lacked sufficient evidence and violated principles of natural justice. The tribunal accepted the genuineness of the share transactions, directing the Assessing Officer to grant exemption for Long Term Capital Gain under Section 10(38). The tribunal rejected the Revenue's assertion that the transactions were bogus. Case-Laws Income Tax Thu, 05 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363513