https://www.taxtmi.com/caselaws?id=434699 The Tribunal allowed the assessee's appeals, ruling that the denial of exemption under Section 10(38) for Long Term Capital Gains (LTCG) and the addition of estimated commission expenditure under Section 69C were unjustified. The Tribunal emphasized the requirement for substantial evidence to support such inclusions and relied on legal precedents to favor the assessee. The appeals were partially granted, with interest levies under Sections 234B and 234C deemed consequential, and penalty proceedings under Section 271(1)(c) considered premature for current adjudication. en-us Fri, 03 Feb 2023 00:00:00 +0530 Thu, 02 Mar 2023 08:16:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434699 The Tribunal allowed the assessee's appeals, ruling that the denial of exemption under Section 10(38) for Long Term Capital Gains (LTCG) and the addition of estimated commission expenditure under Section 69C were unjustified. The Tribunal emphasized the requirement for substantial evidence to support such inclusions and relied on legal precedents to favor the assessee. The appeals were partially granted, with interest levies under Sections 234B and 234C deemed consequential, and penalty proceedings under Section 271(1)(c) considered premature for current adjudication. Case-Laws Income Tax Fri, 03 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434699