https://www.taxtmi.com/caselaws?id=397225 The appellant contested the disallowance of long term capital gain claim and addition under section 143(3), as well as the denial of exemption under section 10(38) for the sale of shares. The Tribunal ruled in favor of the appellant, emphasizing violations of natural justice and lack of evidence to prove fraudulent intent. The Tribunal directed the Assessing Officer to allow the exemption under section 10(38) and delete the additions made under section 68, highlighting the importance of fair treatment and adherence to natural justice principles in such cases. en-us Mon, 20 Jul 2020 00:00:00 +0530 Sat, 08 Aug 2020 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397225 The appellant contested the disallowance of long term capital gain claim and addition under section 143(3), as well as the denial of exemption under section 10(38) for the sale of shares. The Tribunal ruled in favor of the appellant, emphasizing violations of natural justice and lack of evidence to prove fraudulent intent. The Tribunal directed the Assessing Officer to allow the exemption under section 10(38) and delete the additions made under section 68, highlighting the importance of fair treatment and adherence to natural justice principles in such cases. Case-Laws Income Tax Mon, 20 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397225