https://www.taxtmi.com/caselaws?id=433783 The Tribunal allowed the assessee's appeal, granting the exemption under Section 10(38) for long-term capital gain from the sale of shares and deleting the addition under Section 69C for unexplained expenditure. The Tribunal found that the additions made by the Assessing Officer and Commissioner of Income Tax were based on mere suspicion and conjecture without substantial evidence. The Tribunal directed the deletion of the additions and dismissed the challenge to the reopening of the assessment. en-us Mon, 30 Jan 2023 00:00:00 +0530 Thu, 09 Feb 2023 09:59:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433783 The Tribunal allowed the assessee's appeal, granting the exemption under Section 10(38) for long-term capital gain from the sale of shares and deleting the addition under Section 69C for unexplained expenditure. The Tribunal found that the additions made by the Assessing Officer and Commissioner of Income Tax were based on mere suspicion and conjecture without substantial evidence. The Tribunal directed the deletion of the additions and dismissed the challenge to the reopening of the assessment. Case-Laws Income Tax Mon, 30 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433783