https://www.taxtmi.com/caselaws?id=372869 The Tribunal allowed the appeal, directing the Assessing Officer to grant the long term capital gain exemption under section 10(38) of the Income-tax Act and delete the additions made under section 69C. The Tribunal found the transactions genuine, supported by documented evidence, and lacking direct evidence implicating the assessee in fraudulent activities. The actions taken in 2015 did not affect the validity of transactions from 2013 involving Turbotech Engineering Pvt Ltd. en-us Tue, 06 Nov 2018 00:00:00 +0530 Tue, 01 Jan 2019 14:38:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372869 The Tribunal allowed the appeal, directing the Assessing Officer to grant the long term capital gain exemption under section 10(38) of the Income-tax Act and delete the additions made under section 69C. The Tribunal found the transactions genuine, supported by documented evidence, and lacking direct evidence implicating the assessee in fraudulent activities. The actions taken in 2015 did not affect the validity of transactions from 2013 involving Turbotech Engineering Pvt Ltd. Case-Laws Income Tax Tue, 06 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372869