https://www.taxtmi.com/caselaws?id=368087 The judgment allowed the appeals of the assessees, deleting the additions made under Section 68 and confirming the genuineness of the Long Term Capital Gains claimed under Section 10(38) of the Income Tax Act, 1961. The court emphasized the lack of concrete evidence provided by the revenue to support their allegations of bogus LTCG and highlighted the importance of principles of natural justice, including the right to cross-examination. The assessees' documentation was deemed credible, leading to the favorable outcome in their favor. en-us Wed, 26 Sep 2018 00:00:00 +0530 Mon, 01 Oct 2018 09:14:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368087 The judgment allowed the appeals of the assessees, deleting the additions made under Section 68 and confirming the genuineness of the Long Term Capital Gains claimed under Section 10(38) of the Income Tax Act, 1961. The court emphasized the lack of concrete evidence provided by the revenue to support their allegations of bogus LTCG and highlighted the importance of principles of natural justice, including the right to cross-examination. The assessees' documentation was deemed credible, leading to the favorable outcome in their favor. Case-Laws Income Tax Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368087