https://www.taxtmi.com/caselaws?id=373133 The tribunal concluded that the Assessing Officer and CIT(A) erred in treating the Long Term Capital Gains (LTCG) as unexplained cash credits. The additions were deemed to be based on suspicion without concrete evidence. The tribunal deleted the additions, upheld the genuineness of the LTCG, and confirmed the applicability of the Section 10(38) exemption. Additionally, disallowance of brokerage commissions was overturned as a consequential issue. en-us Fri, 04 Jan 2019 00:00:00 +0530 Thu, 07 Mar 2019 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373133 The tribunal concluded that the Assessing Officer and CIT(A) erred in treating the Long Term Capital Gains (LTCG) as unexplained cash credits. The additions were deemed to be based on suspicion without concrete evidence. The tribunal deleted the additions, upheld the genuineness of the LTCG, and confirmed the applicability of the Section 10(38) exemption. Additionally, disallowance of brokerage commissions was overturned as a consequential issue. Case-Laws Income Tax Fri, 04 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373133