https://www.taxtmi.com/caselaws?id=308320 The Tribunal allowed the appeal, deleting the addition made under section 68 of the Income Tax Act. The decision favored the assessee, providing relief regarding the claim of Long Term Capital Gains on the shares in question. The Tribunal emphasized the importance of evidence-based decisions and ruled in favor of the assessee based on precedents set by the Jurisdictional High Court and ITAT Kolkata, disregarding the general report used by the revenue authorities to reject the claim. en-us Fri, 16 Nov 2018 00:00:00 +0530 Fri, 16 Jun 2023 07:32:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308320 The Tribunal allowed the appeal, deleting the addition made under section 68 of the Income Tax Act. The decision favored the assessee, providing relief regarding the claim of Long Term Capital Gains on the shares in question. The Tribunal emphasized the importance of evidence-based decisions and ruled in favor of the assessee based on precedents set by the Jurisdictional High Court and ITAT Kolkata, disregarding the general report used by the revenue authorities to reject the claim. Case-Laws Income Tax Fri, 16 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308320