https://www.taxtmi.com/caselaws?id=384511 The Tribunal found in favor of the assessee, ruling that the Long Term Capital Gains (LTCG) and Short Term Capital Loss (STCL) claimed from the sale of shares were genuine. The Tribunal emphasized the documentary evidence provided by the assessee, which supported the legitimate purchase and sale of shares through registered brokers and banking channels. The Tribunal dismissed the Revenue's case, which relied on circumstantial evidence and general reports without specific evidence against the assessee. As a result, the disallowance/addition of Rs. 36,48,564/- was deleted, and the assessee's appeals were allowed. en-us Fri, 19 Jul 2019 00:00:00 +0530 Fri, 16 Aug 2019 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384511 The Tribunal found in favor of the assessee, ruling that the Long Term Capital Gains (LTCG) and Short Term Capital Loss (STCL) claimed from the sale of shares were genuine. The Tribunal emphasized the documentary evidence provided by the assessee, which supported the legitimate purchase and sale of shares through registered brokers and banking channels. The Tribunal dismissed the Revenue's case, which relied on circumstantial evidence and general reports without specific evidence against the assessee. As a result, the disallowance/addition of Rs. 36,48,564/- was deleted, and the assessee's appeals were allowed. Case-Laws Income Tax Fri, 19 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384511