https://www.taxtmi.com/caselaws?id=290642 The Tribunal allowed the appeal filed by the Assessee, emphasizing the importance of providing opportunities for cross-examination and ensuring that the onus of proof is met in such cases. The Tribunal held that the Assessee had provided sufficient details to support the legitimacy of transactions, leading to the deletion of additions made under sections 143(3) and 68 of the Act. Additionally, the claim of exempt income of Long Term Capital Gain under section 10(38) was accepted, and the appeal for the determination of interest under section 234B was allowed in favor of the Assessee. en-us Thu, 20 Feb 2020 00:00:00 +0530 Wed, 07 Oct 2020 19:11:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290642 The Tribunal allowed the appeal filed by the Assessee, emphasizing the importance of providing opportunities for cross-examination and ensuring that the onus of proof is met in such cases. The Tribunal held that the Assessee had provided sufficient details to support the legitimacy of transactions, leading to the deletion of additions made under sections 143(3) and 68 of the Act. Additionally, the claim of exempt income of Long Term Capital Gain under section 10(38) was accepted, and the appeal for the determination of interest under section 234B was allowed in favor of the Assessee. Case-Laws Income Tax Thu, 20 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290642