https://www.taxtmi.com/caselaws?id=419625 The Tribunal quashed the assessment order due to lack of procedural fairness, specifically the denial of cross-examination opportunity and reliance on unverified statements. The SEBI report exonerated the assessee's family from price manipulation charges, supporting the genuineness of transactions. Consequently, the additions under Section 68 and denial of exemption under Section 10(38) were not upheld, and the assessee's appeal was allowed. en-us Thu, 10 Mar 2022 00:00:00 +0530 Tue, 15 Mar 2022 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419625 The Tribunal quashed the assessment order due to lack of procedural fairness, specifically the denial of cross-examination opportunity and reliance on unverified statements. The SEBI report exonerated the assessee's family from price manipulation charges, supporting the genuineness of transactions. Consequently, the additions under Section 68 and denial of exemption under Section 10(38) were not upheld, and the assessee's appeal was allowed. Case-Laws Income Tax Thu, 10 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419625