https://www.taxtmi.com/caselaws?id=296511 The Tribunal partially allowed the appeals in the case. For Assessment Year (AY) 2014-15, it upheld the validity of the notice under Section 143(2) but granted exemption under Section 10(38) for long-term capital gains, dismissing other grounds. For AY 2015-16, the Tribunal allowed the exemption under Section 10(38) and referred the issue of bank deposits back to the Assessing Officer for re-examination with additional evidence. The decisions were based on precedents and a thorough analysis of the evidence presented by the assessee. en-us Tue, 16 Feb 2021 00:00:00 +0530 Sat, 24 Jul 2021 09:12:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296511 The Tribunal partially allowed the appeals in the case. For Assessment Year (AY) 2014-15, it upheld the validity of the notice under Section 143(2) but granted exemption under Section 10(38) for long-term capital gains, dismissing other grounds. For AY 2015-16, the Tribunal allowed the exemption under Section 10(38) and referred the issue of bank deposits back to the Assessing Officer for re-examination with additional evidence. The decisions were based on precedents and a thorough analysis of the evidence presented by the assessee. Case-Laws Income Tax Tue, 16 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296511