https://www.taxtmi.com/caselaws?id=379896 The appeal contested the order of the Ld. Commissioner of Income-Tax (Appeals) regarding the confirmation of two additions for Assessment Year 2008-09. The reassessment was upheld based on information obtained during search operations, adding Long Term Capital Gains and purchase of shares. The Tribunal dismissed challenges to the reassessment's validity, found evidence supporting transactions treated as bogus, denied exemption u/s 10(38) due to non-payment of STT, and ultimately deleted the additions based on the Assessee's substantiated documentation, leading to the partial allowance of the appeal. en-us Mon, 06 May 2019 00:00:00 +0530 Wed, 08 May 2019 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379896 The appeal contested the order of the Ld. Commissioner of Income-Tax (Appeals) regarding the confirmation of two additions for Assessment Year 2008-09. The reassessment was upheld based on information obtained during search operations, adding Long Term Capital Gains and purchase of shares. The Tribunal dismissed challenges to the reassessment's validity, found evidence supporting transactions treated as bogus, denied exemption u/s 10(38) due to non-payment of STT, and ultimately deleted the additions based on the Assessee's substantiated documentation, leading to the partial allowance of the appeal. Case-Laws Income Tax Mon, 06 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379896