https://www.taxtmi.com/caselaws?id=305520 The Tribunal ordered re-adjudication of the issue concerning unexplained cash credit and denial of exemption on long term capital gains, emphasizing the need for the assessee to be given the opportunity to establish the genuineness of transactions. Additional evidence was admitted to ensure fairness, with the Tribunal directing the Assessing Officer to allow the assessee to provide details and substantiate their case. The decision underscored the importance of factual evidence over suspicions in assessments, ensuring a just assessment process based on legal requirements and natural justice. en-us Wed, 06 Mar 2019 00:00:00 +0530 Fri, 09 Dec 2022 10:02:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305520 The Tribunal ordered re-adjudication of the issue concerning unexplained cash credit and denial of exemption on long term capital gains, emphasizing the need for the assessee to be given the opportunity to establish the genuineness of transactions. Additional evidence was admitted to ensure fairness, with the Tribunal directing the Assessing Officer to allow the assessee to provide details and substantiate their case. The decision underscored the importance of factual evidence over suspicions in assessments, ensuring a just assessment process based on legal requirements and natural justice. Case-Laws Income Tax Wed, 06 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305520