https://www.taxtmi.com/caselaws?id=373096 The Tribunal set aside the lower authorities' orders disallowing the capital gains exemption under section 10(38) due to lack of furnishing the Investigation Report to the assessee. The matter was remitted to the Assessing Officer for further examination, directing a comprehensive investigation into company registration and share issuance processes, particularly focusing on the role of the assessee in share price inflation. The AO was instructed to provide relevant materials to the assessee, conduct a fresh decision-making process, and allow the assessee a reasonable opportunity to present their case. The appeal was allowed for statistical purposes. en-us Mon, 03 Dec 2018 00:00:00 +0530 Mon, 07 Jan 2019 12:20:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373096 The Tribunal set aside the lower authorities' orders disallowing the capital gains exemption under section 10(38) due to lack of furnishing the Investigation Report to the assessee. The matter was remitted to the Assessing Officer for further examination, directing a comprehensive investigation into company registration and share issuance processes, particularly focusing on the role of the assessee in share price inflation. The AO was instructed to provide relevant materials to the assessee, conduct a fresh decision-making process, and allow the assessee a reasonable opportunity to present their case. The appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 03 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373096