https://www.taxtmi.com/caselaws?id=370065 The ITAT Delhi ruled in favor of the appellants in appeals against the Commissioner of Income Tax for the Assessment Year 2015-16. The issue centered on the addition of Long Term Capital Gain as income from other sources under section 68 of the Income Tax Act. The ITAT found the transactions genuine based on documentary evidence provided by the assessee, refuting reliance on a statement by an employee of M/s. Gateway Financial Services Ltd. The judgment exempted the Long Term Capital Gain under section 10(38) and allowed all appeals with similar facts. en-us Wed, 24 Oct 2018 00:00:00 +0530 Fri, 09 Nov 2018 18:59:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370065 The ITAT Delhi ruled in favor of the appellants in appeals against the Commissioner of Income Tax for the Assessment Year 2015-16. The issue centered on the addition of Long Term Capital Gain as income from other sources under section 68 of the Income Tax Act. The ITAT found the transactions genuine based on documentary evidence provided by the assessee, refuting reliance on a statement by an employee of M/s. Gateway Financial Services Ltd. The judgment exempted the Long Term Capital Gain under section 10(38) and allowed all appeals with similar facts. Case-Laws Income Tax Wed, 24 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370065