https://www.taxtmi.com/caselaws?id=430231 The Appellate Tribunal ruled in favor of the assessee, setting aside the Assessing Officer's treatment of Long Term Capital Gain as Short Term Capital Gain. The Tribunal found the AO's decision unfounded, considering the documentary evidence provided by the assessee. The appeal was allowed, and the Long Term Capital Gain on the sale of shares was exempt under section 10(38) of the Income-tax Act, 1961. en-us Fri, 02 Sep 2022 00:00:00 +0530 Tue, 15 Nov 2022 09:16:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430231 The Appellate Tribunal ruled in favor of the assessee, setting aside the Assessing Officer's treatment of Long Term Capital Gain as Short Term Capital Gain. The Tribunal found the AO's decision unfounded, considering the documentary evidence provided by the assessee. The appeal was allowed, and the Long Term Capital Gain on the sale of shares was exempt under section 10(38) of the Income-tax Act, 1961. Case-Laws Income Tax Fri, 02 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430231