https://www.taxtmi.com/caselaws?id=444546 The Tribunal held that the sale consideration from the sale of shares should not be treated as unexplained cash credit under section 68 of the Act. It found the long-term capital gains declared by the assessee to be genuine and exempt under section 10(38) of the Act. Consequently, the Tribunal set aside the order of the CIT(A) and directed the AO to delete the addition. The assessee's appeal was allowed. en-us Thu, 31 Aug 2023 00:00:00 +0530 Wed, 18 Oct 2023 07:42:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444546 The Tribunal held that the sale consideration from the sale of shares should not be treated as unexplained cash credit under section 68 of the Act. It found the long-term capital gains declared by the assessee to be genuine and exempt under section 10(38) of the Act. Consequently, the Tribunal set aside the order of the CIT(A) and directed the AO to delete the addition. The assessee's appeal was allowed. Case-Laws Income Tax Thu, 31 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444546