https://www.taxtmi.com/caselaws?id=369066 The Tribunal allowed the appeals of the assessees, overturning the disallowance of exemption on long term capital gain from the sale of shares and the addition of commission as unexplained expenditure. The Tribunal found no legal evidence against the assessees, emphasizing the genuineness of the transactions and lack of adverse material. Relying on a precedent case, the Tribunal held that the AO was unjustified in treating the sale proceeds as undisclosed income and deleted the additions under sections 68 and 69C, providing relief to the assessees. en-us Wed, 17 Oct 2018 00:00:00 +0530 Sat, 20 Oct 2018 09:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369066 The Tribunal allowed the appeals of the assessees, overturning the disallowance of exemption on long term capital gain from the sale of shares and the addition of commission as unexplained expenditure. The Tribunal found no legal evidence against the assessees, emphasizing the genuineness of the transactions and lack of adverse material. Relying on a precedent case, the Tribunal held that the AO was unjustified in treating the sale proceeds as undisclosed income and deleted the additions under sections 68 and 69C, providing relief to the assessees. Case-Laws Income Tax Wed, 17 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369066