https://www.taxtmi.com/caselaws?id=374299 The Tribunal found in favor of the assessee regarding the exemption of Long Term Capital Gain (LTCG) under Section 10(38) of the Income Tax Act. The Tribunal noted that the transactions were supported by documentary evidence and that no material evidence linked the assessee to the alleged bogus LTCG racket. The Tribunal emphasized the lack of proof that the transactions were not genuine and overturned the addition of income made by the lower authorities. The Tribunal ruled in favor of the assessee, highlighting the violation of natural justice due to the denial of cross-examination. en-us Thu, 24 Jan 2019 00:00:00 +0530 Wed, 30 Jan 2019 08:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374299 The Tribunal found in favor of the assessee regarding the exemption of Long Term Capital Gain (LTCG) under Section 10(38) of the Income Tax Act. The Tribunal noted that the transactions were supported by documentary evidence and that no material evidence linked the assessee to the alleged bogus LTCG racket. The Tribunal emphasized the lack of proof that the transactions were not genuine and overturned the addition of income made by the lower authorities. The Tribunal ruled in favor of the assessee, highlighting the violation of natural justice due to the denial of cross-examination. Case-Laws Income Tax Thu, 24 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374299