https://www.taxtmi.com/caselaws?id=364804 The Tribunal allowed the assessee's appeal, granting exemption under Section 10(38) of the Income Tax Act. The Tribunal found the transactions genuine, meeting the conditions of Section 10(38). It noted the lack of specific adverse material against the assessee and criticized the lower authorities for not confronting the adverse material properly. The Tribunal concluded that the additions made by the Assessing Officer lacked justification and basis, ultimately ruling in favor of the assessee. en-us Thu, 02 Aug 2018 00:00:00 +0530 Tue, 16 Oct 2018 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364804 The Tribunal allowed the assessee's appeal, granting exemption under Section 10(38) of the Income Tax Act. The Tribunal found the transactions genuine, meeting the conditions of Section 10(38). It noted the lack of specific adverse material against the assessee and criticized the lower authorities for not confronting the adverse material properly. The Tribunal concluded that the additions made by the Assessing Officer lacked justification and basis, ultimately ruling in favor of the assessee. Case-Laws Income Tax Thu, 02 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364804