https://www.taxtmi.com/caselaws?id=383162 The tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to accept the Long Term Capital Gain (LTCG) declared by the assessee and deleted the consequential addition. The tribunal found that the Assessing Officer and CIT(A) lacked concrete evidence to disprove the genuineness of the transactions, emphasizing the need for an independent investigation. The order was pronounced in open court on 12.06.2019. en-us Wed, 12 Jun 2019 00:00:00 +0530 Wed, 17 Jul 2019 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383162 The tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to accept the Long Term Capital Gain (LTCG) declared by the assessee and deleted the consequential addition. The tribunal found that the Assessing Officer and CIT(A) lacked concrete evidence to disprove the genuineness of the transactions, emphasizing the need for an independent investigation. The order was pronounced in open court on 12.06.2019. Case-Laws Income Tax Wed, 12 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383162