https://www.taxtmi.com/caselaws?id=375443 The Tribunal allowed the appeal, ruling that the Assessing Officer's addition under Section 68 was unwarranted, based on mere suspicion without concrete evidence. The Long Term Capital Gains claim was deemed genuine, supported by valid documentation. The disallowance of expenditure under Section 69C was overturned as it relied on the legitimacy of the LTCG claim. Procedural fairness and the requirement for solid evidence in tax assessments were underscored in the decision. en-us Fri, 15 Feb 2019 00:00:00 +0530 Mon, 18 Feb 2019 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375443 The Tribunal allowed the appeal, ruling that the Assessing Officer's addition under Section 68 was unwarranted, based on mere suspicion without concrete evidence. The Long Term Capital Gains claim was deemed genuine, supported by valid documentation. The disallowance of expenditure under Section 69C was overturned as it relied on the legitimacy of the LTCG claim. Procedural fairness and the requirement for solid evidence in tax assessments were underscored in the decision. Case-Laws Income Tax Fri, 15 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375443