https://www.taxtmi.com/caselaws?id=381398 The Tribunal overturned the decisions of the Assessing Officer and CIT(A) regarding the addition of Long Term Capital Gain (LTCG) claimed as exempt under section 10(38) of the Income-tax Act, 1961. The Tribunal found that the transactions were genuine, supported by proper documentation, and the assessee had provided all necessary evidence. The AO was directed to treat the gains as LTCG and delete the addition to the assessee's total income. The appeal of the assessee was allowed, with the order pronounced on 7th June 2019. en-us Fri, 07 Jun 2019 00:00:00 +0530 Tue, 11 Jun 2019 06:26:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381398 The Tribunal overturned the decisions of the Assessing Officer and CIT(A) regarding the addition of Long Term Capital Gain (LTCG) claimed as exempt under section 10(38) of the Income-tax Act, 1961. The Tribunal found that the transactions were genuine, supported by proper documentation, and the assessee had provided all necessary evidence. The AO was directed to treat the gains as LTCG and delete the addition to the assessee's total income. The appeal of the assessee was allowed, with the order pronounced on 7th June 2019. Case-Laws Income Tax Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381398