https://www.taxtmi.com/caselaws?id=409069 The Tribunal allowed the appeals of the assessees, granting them the benefit of exemption under Section 10(38) for Long Term Capital Gains (LTCG) and setting aside the additions made by the Assessing Officer. The Tribunal held that the reliance on third-party statements without providing an opportunity for cross-examination was unjustified, emphasizing the importance of documentary evidence and principles of natural justice. The decisions were in favor of the assessees, Shri Hakimuddin Khambati and Smt. Manisha Agrawal, with the Tribunal's ruling pronounced on 25.05.2021. en-us Tue, 25 May 2021 00:00:00 +0530 Tue, 29 Jun 2021 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409069 The Tribunal allowed the appeals of the assessees, granting them the benefit of exemption under Section 10(38) for Long Term Capital Gains (LTCG) and setting aside the additions made by the Assessing Officer. The Tribunal held that the reliance on third-party statements without providing an opportunity for cross-examination was unjustified, emphasizing the importance of documentary evidence and principles of natural justice. The decisions were in favor of the assessees, Shri Hakimuddin Khambati and Smt. Manisha Agrawal, with the Tribunal's ruling pronounced on 25.05.2021. Case-Laws Income Tax Tue, 25 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409069