https://www.taxtmi.com/caselaws?id=374532 The appeal was allowed, and the addition under section 68 of the Income Tax Act for Long Term Capital Gains was deleted. The decision emphasized the importance of evidence in establishing the genuineness of transactions and upheld the consistent rulings of the Tribunal and Calcutta High Court in similar cases. The judgment underscored the necessity of relying on concrete evidence rather than generalizations, leading to the favorable outcome for the assessee. en-us Wed, 23 Jan 2019 00:00:00 +0530 Sat, 02 Feb 2019 20:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374532 The appeal was allowed, and the addition under section 68 of the Income Tax Act for Long Term Capital Gains was deleted. The decision emphasized the importance of evidence in establishing the genuineness of transactions and upheld the consistent rulings of the Tribunal and Calcutta High Court in similar cases. The judgment underscored the necessity of relying on concrete evidence rather than generalizations, leading to the favorable outcome for the assessee. Case-Laws Income Tax Wed, 23 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374532