https://www.taxtmi.com/caselaws?id=419436 The Tribunal allowed the appeal of the assessee, determining that the long-term capital gain of Rs. 37,78,270/- was properly declared in AY 2008-09 and could not be taxed in AY 2014-15. The Tribunal found the evidence presented by the assessee to be credible, supporting the authenticity of the transactions, while the Revenue failed to counter with contradictory evidence. Consequently, the addition made by the AO and upheld by the CIT(A) was not upheld. en-us Tue, 08 Mar 2022 00:00:00 +0530 Fri, 11 Mar 2022 08:00:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419436 The Tribunal allowed the appeal of the assessee, determining that the long-term capital gain of Rs. 37,78,270/- was properly declared in AY 2008-09 and could not be taxed in AY 2014-15. The Tribunal found the evidence presented by the assessee to be credible, supporting the authenticity of the transactions, while the Revenue failed to counter with contradictory evidence. Consequently, the addition made by the AO and upheld by the CIT(A) was not upheld. Case-Laws Income Tax Tue, 08 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419436