https://www.taxtmi.com/caselaws?id=376135 The ITAT allowed the appeal, directing the deletion of the total addition of Rs. 21,93,030/-, including the commission of Rs. 10,911/-. The Tribunal found that the assessee had substantiated the genuineness of the LTCG transactions with comprehensive documentation, refuting the AO and CIT(A)'s adverse conclusions based on suspicion. The judgment emphasizes the significance of concrete evidence in tax assessments and affirms that legitimate transactions, backed by proper documentation, should not be dismissed on general reports or assumptions. en-us Wed, 27 Feb 2019 00:00:00 +0530 Sat, 02 Mar 2019 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376135 The ITAT allowed the appeal, directing the deletion of the total addition of Rs. 21,93,030/-, including the commission of Rs. 10,911/-. The Tribunal found that the assessee had substantiated the genuineness of the LTCG transactions with comprehensive documentation, refuting the AO and CIT(A)'s adverse conclusions based on suspicion. The judgment emphasizes the significance of concrete evidence in tax assessments and affirms that legitimate transactions, backed by proper documentation, should not be dismissed on general reports or assumptions. Case-Laws Income Tax Wed, 27 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376135