https://www.taxtmi.com/caselaws?id=310168 The tribunal partly allowed the appeal, upholding the validity of the assessment reopening but directing the AO to grant the exemption for long-term capital gains under Section 10(38) regarding the treatment of income from the sale of shares. The tribunal found the reassessment invalid due to lack of disclosure by the assessee but could not quash it entirely as the challenge to disallowance under Section 14A was withdrawn. en-us Tue, 08 Aug 2017 00:00:00 +0530 Tue, 10 Oct 2023 17:27:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310168 The tribunal partly allowed the appeal, upholding the validity of the assessment reopening but directing the AO to grant the exemption for long-term capital gains under Section 10(38) regarding the treatment of income from the sale of shares. The tribunal found the reassessment invalid due to lack of disclosure by the assessee but could not quash it entirely as the challenge to disallowance under Section 14A was withdrawn. Case-Laws Income Tax Tue, 08 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310168