https://www.taxtmi.com/caselaws?id=367665 The Tribunal partially allowed the appeal challenging the denial of exemption for long term capital gains under section 10(38) of the Income Tax Act. Emphasizing the importance of natural justice principles, the Tribunal directed a reevaluation by the Assessing Officer, highlighting the necessity of providing opportunities for cross-examination and substantiating claims. The decision underscored the significance of factual substantiation in share transactions and ensuring compliance with legal procedures, aligning with established legal precedents and fair assessment practices. en-us Mon, 17 Sep 2018 00:00:00 +0530 Mon, 24 Sep 2018 16:19:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367665 The Tribunal partially allowed the appeal challenging the denial of exemption for long term capital gains under section 10(38) of the Income Tax Act. Emphasizing the importance of natural justice principles, the Tribunal directed a reevaluation by the Assessing Officer, highlighting the necessity of providing opportunities for cross-examination and substantiating claims. The decision underscored the significance of factual substantiation in share transactions and ensuring compliance with legal procedures, aligning with established legal precedents and fair assessment practices. Case-Laws Income Tax Mon, 17 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367665