https://www.taxtmi.com/caselaws?id=282660 The Tribunal allowed the appeal of the assessee, emphasizing the need for concrete evidence to support allegations of bogus transactions. It underscored the importance of adhering to principles of natural justice, including the right to cross-examination, and rejected the revenue's reliance on general observations and probabilities without specific evidence against the assessee. The additions made under Sections 68 and 69C were deleted, affirming the assessee's claim of exemption for LTCG under Section 10(38). en-us Wed, 25 Jul 2018 00:00:00 +0530 Sun, 18 Aug 2019 08:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282660 The Tribunal allowed the appeal of the assessee, emphasizing the need for concrete evidence to support allegations of bogus transactions. It underscored the importance of adhering to principles of natural justice, including the right to cross-examination, and rejected the revenue's reliance on general observations and probabilities without specific evidence against the assessee. The additions made under Sections 68 and 69C were deleted, affirming the assessee's claim of exemption for LTCG under Section 10(38). Case-Laws Income Tax Wed, 25 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282660