https://www.taxtmi.com/caselaws?id=380649 The Tribunal allowed the assessee's appeal, determining that the Long Term Capital Gains (LTCG) from the sale of shares of M/s. Tuni Textile Mills Ltd. were genuine and not bogus. Consequently, the addition of alleged commission expenditure for obtaining the LTCG was directed to be deleted. The Tribunal did not address the validity of reopening under sections 147 and 148 of the Income-tax Act, as the assessee prevailed on the substantive merits. The appeal was partly allowed in favor of the assessee. en-us Fri, 17 May 2019 00:00:00 +0530 Fri, 24 May 2019 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380649 The Tribunal allowed the assessee's appeal, determining that the Long Term Capital Gains (LTCG) from the sale of shares of M/s. Tuni Textile Mills Ltd. were genuine and not bogus. Consequently, the addition of alleged commission expenditure for obtaining the LTCG was directed to be deleted. The Tribunal did not address the validity of reopening under sections 147 and 148 of the Income-tax Act, as the assessee prevailed on the substantive merits. The appeal was partly allowed in favor of the assessee. Case-Laws Income Tax Fri, 17 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380649