https://www.taxtmi.com/caselaws?id=414540 The Tribunal allowed the appeal of the assessee, ruling in favor of the genuineness of the transactions. The denial of exemption for Long Term Capital Gain (LTCG) under Section 10(38) and the addition of unexplained credit under Section 68 of the Income Tax Act were not upheld. The Tribunal emphasized the lack of concrete evidence to support the department's claims and highlighted the documentary evidence provided by the assessee as genuine. Consequently, the addition under Section 69C was also vacated. en-us Fri, 29 Oct 2021 00:00:00 +0530 Wed, 10 Nov 2021 07:01:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414540 The Tribunal allowed the appeal of the assessee, ruling in favor of the genuineness of the transactions. The denial of exemption for Long Term Capital Gain (LTCG) under Section 10(38) and the addition of unexplained credit under Section 68 of the Income Tax Act were not upheld. The Tribunal emphasized the lack of concrete evidence to support the department's claims and highlighted the documentary evidence provided by the assessee as genuine. Consequently, the addition under Section 69C was also vacated. Case-Laws Income Tax Fri, 29 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414540