https://www.taxtmi.com/caselaws?id=373690 The Tribunal allowed the assessee's claim of Long Term Capital Gains (LTCG) and directed the deletion of the addition made under section 68 of the Income Tax Act. The Tribunal emphasized the importance of specific evidence and adherence to principles of natural justice in tax assessments, highlighting that the Assessing Officer's conclusions lacked concrete evidence and were based on suspicion and surmises. The appeal was partly allowed in favor of the assessee. en-us Wed, 16 Jan 2019 00:00:00 +0530 Fri, 18 Jan 2019 08:10:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373690 The Tribunal allowed the assessee's claim of Long Term Capital Gains (LTCG) and directed the deletion of the addition made under section 68 of the Income Tax Act. The Tribunal emphasized the importance of specific evidence and adherence to principles of natural justice in tax assessments, highlighting that the Assessing Officer's conclusions lacked concrete evidence and were based on suspicion and surmises. The appeal was partly allowed in favor of the assessee. Case-Laws Income Tax Wed, 16 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373690