https://www.taxtmi.com/caselaws?id=369466 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to delete the addition made under Section 68. The Tribunal held that the long-term capital gains on the sale of shares, conducted through recognized stock exchanges and subjected to STT, were genuine and could not be treated as unexplained cash credit without specific evidence of wrongdoing. The decision emphasized the importance of factual evidence over presumptions or generalized reports in assessments. en-us Wed, 24 Oct 2018 00:00:00 +0530 Sun, 28 Oct 2018 21:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369466 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to delete the addition made under Section 68. The Tribunal held that the long-term capital gains on the sale of shares, conducted through recognized stock exchanges and subjected to STT, were genuine and could not be treated as unexplained cash credit without specific evidence of wrongdoing. The decision emphasized the importance of factual evidence over presumptions or generalized reports in assessments. Case-Laws Income Tax Wed, 24 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369466