https://www.taxtmi.com/caselaws?id=413051 The Tribunal remanded the case back to the Assessing Officer to re-examine the assessee's claim for exemption under Section 10(38) of the Income Tax Act regarding long-term capital gains from the sale of shares. The Tribunal stressed the need for supporting documentation like contract notes and proof of securities transaction tax payment to establish the genuineness of the transactions. The AO was instructed to allow the assessee to present all relevant evidence and arguments during the reassessment. The appeal was allowed for statistical purposes. en-us Wed, 29 Sep 2021 00:00:00 +0530 Mon, 04 Oct 2021 08:58:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413051 The Tribunal remanded the case back to the Assessing Officer to re-examine the assessee's claim for exemption under Section 10(38) of the Income Tax Act regarding long-term capital gains from the sale of shares. The Tribunal stressed the need for supporting documentation like contract notes and proof of securities transaction tax payment to establish the genuineness of the transactions. The AO was instructed to allow the assessee to present all relevant evidence and arguments during the reassessment. The appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 29 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413051