https://www.taxtmi.com/caselaws?id=364095 The Tribunal allowed the appeal, directing the Assessing Officer to accept the claim of long term capital gains and grant exemption under section 10(38) of the Income Tax Act. The Tribunal found the assessee had provided substantial evidence supporting the genuineness of the transactions, which the Assessing Officer failed to disprove. The Tribunal emphasized the importance of the evidence presented and set aside the CIT(A)'s decision, citing a relevant Bombay High Court decision. en-us Wed, 18 Jul 2018 00:00:00 +0530 Mon, 23 Jul 2018 08:14:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364095 The Tribunal allowed the appeal, directing the Assessing Officer to accept the claim of long term capital gains and grant exemption under section 10(38) of the Income Tax Act. The Tribunal found the assessee had provided substantial evidence supporting the genuineness of the transactions, which the Assessing Officer failed to disprove. The Tribunal emphasized the importance of the evidence presented and set aside the CIT(A)'s decision, citing a relevant Bombay High Court decision. Case-Laws Income Tax Wed, 18 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364095