https://www.taxtmi.com/caselaws?id=306490 The Tribunal allowed the appeals filed by the assessees, overturning the disallowance of the claim of exempted long-term capital gain (LTCG) on the sale of shares and the treatment of LTCG as unexplained credits under Section 68 of the Income Tax Act. The Tribunal emphasized the lack of concrete evidence to support the disallowance and highlighted the importance of adhering to principles of natural justice. The judgment was consistent across multiple appeals with identical issues, all of which were decided in favor of the assessees. en-us Mon, 28 Feb 2022 00:00:00 +0530 Fri, 03 Feb 2023 06:30:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306490 The Tribunal allowed the appeals filed by the assessees, overturning the disallowance of the claim of exempted long-term capital gain (LTCG) on the sale of shares and the treatment of LTCG as unexplained credits under Section 68 of the Income Tax Act. The Tribunal emphasized the lack of concrete evidence to support the disallowance and highlighted the importance of adhering to principles of natural justice. The judgment was consistent across multiple appeals with identical issues, all of which were decided in favor of the assessees. Case-Laws Income Tax Mon, 28 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306490