https://www.taxtmi.com/caselaws?id=405599 The Tribunal upheld the CIT's order, denying exemption under section 10(38) of the Income-tax Act and treating the gain as long-term capital gain. The Tribunal remitted the issue to the Assessing Officer for further consideration, instructing the assessee to provide additional evidence to support the claim of share purchase in 1999-2000. The appeal was allowed for statistical purposes, directing a fresh assessment based on the Tribunal's guidance. en-us Wed, 10 Mar 2021 00:00:00 +0530 Wed, 24 Mar 2021 09:06:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405599 The Tribunal upheld the CIT's order, denying exemption under section 10(38) of the Income-tax Act and treating the gain as long-term capital gain. The Tribunal remitted the issue to the Assessing Officer for further consideration, instructing the assessee to provide additional evidence to support the claim of share purchase in 1999-2000. The appeal was allowed for statistical purposes, directing a fresh assessment based on the Tribunal's guidance. Case-Laws Income Tax Wed, 10 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405599