https://www.taxtmi.com/caselaws?id=441356 The Tribunal found in favor of the assessee, concluding that the capital gain declared from the sale of shares was genuine. The revenue's additions under Section 68 of the Income-tax Act were deleted as the documentary evidence, transaction methodology, long holding period of shares, and the assessee's regular investment activities supported the genuineness of the transactions. The Tribunal criticized the revenue for not providing procedural fairness by withholding crucial details from the assessee. Consequently, the appeals of the assessee were allowed, and the additions made by the revenue were rejected. en-us Fri, 04 Aug 2023 00:00:00 +0530 Mon, 07 Aug 2023 08:13:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441356 The Tribunal found in favor of the assessee, concluding that the capital gain declared from the sale of shares was genuine. The revenue's additions under Section 68 of the Income-tax Act were deleted as the documentary evidence, transaction methodology, long holding period of shares, and the assessee's regular investment activities supported the genuineness of the transactions. The Tribunal criticized the revenue for not providing procedural fairness by withholding crucial details from the assessee. Consequently, the appeals of the assessee were allowed, and the additions made by the revenue were rejected. Case-Laws Income Tax Fri, 04 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441356