https://www.taxtmi.com/caselaws?id=294388 The Appellate Tribunal upheld the decisions of the CIT(A) in favor of the assessee in a tax appeal case. The Tribunal dismissed the revenue's appeal by considering the documentary evidence provided by the assessee, including proof of transaction details, source of funds, and transaction trails through the banking channel. The Tribunal emphasized the importance of substantiated evidence in establishing the legitimacy of the purchase and sale transactions, leading to the deletion of additions made by the Assessing Officer and the acceptance of claims for Long Term Capital Gain (LTCG) and Short Term Capital Gain (STCG). en-us Mon, 04 Sep 2017 00:00:00 +0530 Fri, 09 Apr 2021 21:11:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294388 The Appellate Tribunal upheld the decisions of the CIT(A) in favor of the assessee in a tax appeal case. The Tribunal dismissed the revenue's appeal by considering the documentary evidence provided by the assessee, including proof of transaction details, source of funds, and transaction trails through the banking channel. The Tribunal emphasized the importance of substantiated evidence in establishing the legitimacy of the purchase and sale transactions, leading to the deletion of additions made by the Assessing Officer and the acceptance of claims for Long Term Capital Gain (LTCG) and Short Term Capital Gain (STCG). Case-Laws Income Tax Mon, 04 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294388