https://www.taxtmi.com/caselaws?id=305572 The ITAT allowed the appeal regarding the LTCG exemption under section 10(38) for the sale of shares of SRK Industries Ltd., based on genuine transactions supported by evidence, contrary to the AO and CIT(A)'s findings. Precedents supporting the genuineness of similar transactions were considered. The issue of disallowed commission payment was remanded to the AO for reevaluation with additional evidence to be provided by the assessee. en-us Fri, 01 Jan 2021 00:00:00 +0530 Tue, 13 Dec 2022 08:26:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305572 The ITAT allowed the appeal regarding the LTCG exemption under section 10(38) for the sale of shares of SRK Industries Ltd., based on genuine transactions supported by evidence, contrary to the AO and CIT(A)'s findings. Precedents supporting the genuineness of similar transactions were considered. The issue of disallowed commission payment was remanded to the AO for reevaluation with additional evidence to be provided by the assessee. Case-Laws Income Tax Fri, 01 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305572