https://www.taxtmi.com/caselaws?id=294265 The Income Tax Appellate Tribunal (ITAT) allowed the appeal of the assessee, directing the Assessing Officer to treat the Long Term Capital Gain (LTCG) as genuine and grant exemption under section 10(38) of the Income Tax Act. The ITAT found the transactions to be supported by valid documents and lacking direct evidence against the assessee. The decision aligned with previous rulings and emphasized the authenticity of the transactions. The appeals of other assessees involved were also allowed based on similar grounds. en-us Tue, 01 Jan 2019 00:00:00 +0530 Fri, 02 Apr 2021 09:12:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294265 The Income Tax Appellate Tribunal (ITAT) allowed the appeal of the assessee, directing the Assessing Officer to treat the Long Term Capital Gain (LTCG) as genuine and grant exemption under section 10(38) of the Income Tax Act. The ITAT found the transactions to be supported by valid documents and lacking direct evidence against the assessee. The decision aligned with previous rulings and emphasized the authenticity of the transactions. The appeals of other assessees involved were also allowed based on similar grounds. Case-Laws Income Tax Tue, 01 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294265