https://www.taxtmi.com/caselaws?id=289604 The Tribunal set aside the AO's decision to disallow the Long-Term Capital Gain (LTCG) exemption under Section 10(38) for the assessee, citing a violation of natural justice principles. The Tribunal noted that the AO's reliance on third-party statements without allowing cross-examination was unjust. The order was deemed legally infirm, and the appeal for the assessment year 2014-2015 was allowed in favor of the assessee. en-us Thu, 08 Aug 2019 00:00:00 +0530 Sat, 08 Aug 2020 09:57:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289604 The Tribunal set aside the AO's decision to disallow the Long-Term Capital Gain (LTCG) exemption under Section 10(38) for the assessee, citing a violation of natural justice principles. The Tribunal noted that the AO's reliance on third-party statements without allowing cross-examination was unjust. The order was deemed legally infirm, and the appeal for the assessment year 2014-2015 was allowed in favor of the assessee. Case-Laws Income Tax Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289604