https://www.taxtmi.com/caselaws?id=400895 The Tribunal allowed the appeals filed by the assessee, holding that the LTCG claimed was genuine and exempt under Section 10(38), the addition on account of notional commission under Section 69C was unsustainable, and the disallowance of interest expenses was unwarranted. The Tribunal emphasized the need for specific evidence and proper confrontation of evidence used against the assessee, rejecting the AO's reliance on generalized information and assumptions. en-us Wed, 18 Nov 2020 00:00:00 +0530 Fri, 20 Nov 2020 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400895 The Tribunal allowed the appeals filed by the assessee, holding that the LTCG claimed was genuine and exempt under Section 10(38), the addition on account of notional commission under Section 69C was unsustainable, and the disallowance of interest expenses was unwarranted. The Tribunal emphasized the need for specific evidence and proper confrontation of evidence used against the assessee, rejecting the AO's reliance on generalized information and assumptions. Case-Laws Income Tax Wed, 18 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400895