https://www.taxtmi.com/caselaws?id=278378 The Appellate Tribunal upheld the CIT(A)'s decision in two appeals, dismissing the revenue's appeals. The tribunal confirmed the treatment of the sale of shares as Long Term Capital Gains, finding the capital gain genuine and supported by documentary evidence. The tribunal noted that necessary details and evidence were provided by the assessee, including payments through banking channels, supporting the claim of LTCG. The appeals were based on the issue of treating the sale of shares as LTCG instead of "Income from other Sources," with the tribunal ruling in favor of the assessee in both cases. en-us Tue, 22 May 2012 00:00:00 +0530 Tue, 29 Jan 2019 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278378 The Appellate Tribunal upheld the CIT(A)'s decision in two appeals, dismissing the revenue's appeals. The tribunal confirmed the treatment of the sale of shares as Long Term Capital Gains, finding the capital gain genuine and supported by documentary evidence. The tribunal noted that necessary details and evidence were provided by the assessee, including payments through banking channels, supporting the claim of LTCG. The appeals were based on the issue of treating the sale of shares as LTCG instead of "Income from other Sources," with the tribunal ruling in favor of the assessee in both cases. Case-Laws Income Tax Tue, 22 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278378