https://www.taxtmi.com/caselaws?id=434955 The ITAT allowed the appeal, ruling that the reopening of the assessment under Section 147 was unjustified and the disallowance of LTCG exemption under Section 10(38) lacked evidence. The ITAT emphasized that suspicion alone cannot deem transactions as bogus without concrete evidence, referencing the case law. en-us Wed, 11 Jan 2023 00:00:00 +0530 Tue, 07 Mar 2023 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434955 The ITAT allowed the appeal, ruling that the reopening of the assessment under Section 147 was unjustified and the disallowance of LTCG exemption under Section 10(38) lacked evidence. The ITAT emphasized that suspicion alone cannot deem transactions as bogus without concrete evidence, referencing the case law. Case-Laws Income Tax Wed, 11 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434955