https://www.taxtmi.com/caselaws?id=304548 The Tribunal allowed the appeal in favor of the assessee, directing the AO to delete the addition of Rs. 46,83,790/- made to the assessee's income. The Tribunal held that the assessee had provided sufficient evidence to substantiate her claim of LTCG, and the AO and CIT(A) failed to provide specific evidence to dispute the legitimacy of the transactions. The Tribunal also emphasized the importance of adhering to the principles of natural justice, particularly the right to cross-examine witnesses and confront adverse evidence. The Tribunal's decision was based on the lack of concrete evidence against the assessee and the improper rejection of the assessee's documentary evidence by the revenue authorities. en-us Wed, 12 Dec 2018 00:00:00 +0530 Tue, 04 Oct 2022 08:50:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304548 The Tribunal allowed the appeal in favor of the assessee, directing the AO to delete the addition of Rs. 46,83,790/- made to the assessee's income. The Tribunal held that the assessee had provided sufficient evidence to substantiate her claim of LTCG, and the AO and CIT(A) failed to provide specific evidence to dispute the legitimacy of the transactions. The Tribunal also emphasized the importance of adhering to the principles of natural justice, particularly the right to cross-examine witnesses and confront adverse evidence. The Tribunal's decision was based on the lack of concrete evidence against the assessee and the improper rejection of the assessee's documentary evidence by the revenue authorities. Case-Laws Income Tax Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304548