https://www.taxtmi.com/caselaws?id=383512 The Tribunal concluded that the Assessing Officer's addition under Section 68 and rejection of the Long Term Capital Gains claim were not justified. The transactions were deemed genuine, supported by documentary evidence, and conducted through recognized channels. The Tribunal allowed the assessee's appeal, directing the deletion of the addition under Section 68 and granting the exemption for Long Term Capital Gains under Section 10(38) of the Income-tax Act, 1961. The issue of interest under Sections 234A, 234B, and 234C was to be determined based on the primary outcome. en-us Wed, 17 Jul 2019 00:00:00 +0530 Thu, 25 Jul 2019 08:51:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383512 The Tribunal concluded that the Assessing Officer's addition under Section 68 and rejection of the Long Term Capital Gains claim were not justified. The transactions were deemed genuine, supported by documentary evidence, and conducted through recognized channels. The Tribunal allowed the assessee's appeal, directing the deletion of the addition under Section 68 and granting the exemption for Long Term Capital Gains under Section 10(38) of the Income-tax Act, 1961. The issue of interest under Sections 234A, 234B, and 234C was to be determined based on the primary outcome. Case-Laws Income Tax Wed, 17 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383512