https://www.taxtmi.com/caselaws?id=409478 The Tribunal allowed the appeals, ruling that the Assessing Officer lacked jurisdiction under Section 153A due to the absence of incriminating material found during the search. Consequently, the disallowance of exemption under Section 10(38) for long-term capital gains was overturned. The issue of interest under Sections 234A and 234B was not addressed. Appeals in ITA Nos. 5853/Del/2018, 5278/Del/2018, 5288/Del/2018, 5284/Del/2018, 5858/Del/2018, and 5280/Del/2018 were successful. en-us Wed, 30 Jun 2021 00:00:00 +0530 Tue, 06 Jul 2021 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409478 The Tribunal allowed the appeals, ruling that the Assessing Officer lacked jurisdiction under Section 153A due to the absence of incriminating material found during the search. Consequently, the disallowance of exemption under Section 10(38) for long-term capital gains was overturned. The issue of interest under Sections 234A and 234B was not addressed. Appeals in ITA Nos. 5853/Del/2018, 5278/Del/2018, 5288/Del/2018, 5284/Del/2018, 5858/Del/2018, and 5280/Del/2018 were successful. Case-Laws Income Tax Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409478