https://www.taxtmi.com/caselaws?id=438044 The Tribunal allowed the appeal of the assessee, confirming the validity of the exemption claimed under Section 10(38) of the Income Tax Act for long-term capital gains from the sale of shares. The Tribunal found the transactions genuine, supported by documentary evidence, and dismissed the revenue's allegations of tax evasion. The addition made by the Assessing Officer was deemed baseless, leading to the deletion of the consequential addition by the CIT(A). en-us Thu, 04 May 2023 00:00:00 +0530 Sun, 21 May 2023 12:11:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438044 The Tribunal allowed the appeal of the assessee, confirming the validity of the exemption claimed under Section 10(38) of the Income Tax Act for long-term capital gains from the sale of shares. The Tribunal found the transactions genuine, supported by documentary evidence, and dismissed the revenue's allegations of tax evasion. The addition made by the Assessing Officer was deemed baseless, leading to the deletion of the consequential addition by the CIT(A). Case-Laws Income Tax Thu, 04 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438044