https://www.taxtmi.com/caselaws?id=282651 The tribunal concluded that the assessees successfully proved the genuineness of share transactions and Long Term Capital Gains (LTCG) claimed under Section 10(38) of the Income Tax Act. The tribunal found the Assessing Officer's conclusions lacked concrete evidence, directing deletion of additions made under Section 68 of the Act. Emphasizing the importance of evidence and due process in reassessment proceedings, the tribunal allowed the appeals on merits, highlighting the significance of factual analysis and reliance on judicial precedents in resolving the issues. en-us Fri, 15 Mar 2019 00:00:00 +0530 Sat, 17 Aug 2019 06:10:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282651 The tribunal concluded that the assessees successfully proved the genuineness of share transactions and Long Term Capital Gains (LTCG) claimed under Section 10(38) of the Income Tax Act. The tribunal found the Assessing Officer's conclusions lacked concrete evidence, directing deletion of additions made under Section 68 of the Act. Emphasizing the importance of evidence and due process in reassessment proceedings, the tribunal allowed the appeals on merits, highlighting the significance of factual analysis and reliance on judicial precedents in resolving the issues. Case-Laws Income Tax Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282651