https://www.taxtmi.com/caselaws?id=382483 The Tribunal held that the denial of exemption under Section 10(38) of the Income Tax Act for Long Term Capital Gain on the sale of shares was unjustified. The evidence presented by the assessee established the genuineness of the transactions, refuting the allegations based on unrelated scrips. The Tribunal directed the Assessing Officer to allow the exemption and delete the consequential addition, thereby allowing the appeal of the assessee. en-us Mon, 01 Jul 2019 00:00:00 +0530 Wed, 03 Jul 2019 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382483 The Tribunal held that the denial of exemption under Section 10(38) of the Income Tax Act for Long Term Capital Gain on the sale of shares was unjustified. The evidence presented by the assessee established the genuineness of the transactions, refuting the allegations based on unrelated scrips. The Tribunal directed the Assessing Officer to allow the exemption and delete the consequential addition, thereby allowing the appeal of the assessee. Case-Laws Income Tax Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382483