https://www.taxtmi.com/caselaws?id=390886 The Tribunal allowed the appeal, ruling in favor of the assessee. It held that the additions made by the Assessing Officer lacked substantial evidence and were based on conjectures. The Tribunal found that the assessee had provided satisfactory documentary evidence to prove the genuineness of the transactions, which the AO failed to refute with credible evidence. Consequently, the long-term capital gain of Rs. 5,70,91,750/- and the commission addition of Rs. 11,41,835/- were directed to be deleted. en-us Fri, 10 Jan 2020 00:00:00 +0530 Mon, 13 Jan 2020 18:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390886 The Tribunal allowed the appeal, ruling in favor of the assessee. It held that the additions made by the Assessing Officer lacked substantial evidence and were based on conjectures. The Tribunal found that the assessee had provided satisfactory documentary evidence to prove the genuineness of the transactions, which the AO failed to refute with credible evidence. Consequently, the long-term capital gain of Rs. 5,70,91,750/- and the commission addition of Rs. 11,41,835/- were directed to be deleted. Case-Laws Income Tax Fri, 10 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390886