https://www.taxtmi.com/caselaws?id=437730 The Tribunal dismissed the Revenue's appeal concerning disallowed Long Term Capital Gain and unexplained expenditures, citing lack of direct evidence and accepting the appellant's evidence. The Tribunal also found no adverse inferences regarding share price increases and investigation findings. Additionally, the Tribunal held that the CBDT Circular and Office Memorandum were not applicable retrospectively, leading to the dismissal of the Revenue's appeal based on low tax effect. en-us Fri, 20 Jan 2023 00:00:00 +0530 Wed, 10 May 2023 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437730 The Tribunal dismissed the Revenue's appeal concerning disallowed Long Term Capital Gain and unexplained expenditures, citing lack of direct evidence and accepting the appellant's evidence. The Tribunal also found no adverse inferences regarding share price increases and investigation findings. Additionally, the Tribunal held that the CBDT Circular and Office Memorandum were not applicable retrospectively, leading to the dismissal of the Revenue's appeal based on low tax effect. Case-Laws Income Tax Fri, 20 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437730