https://www.taxtmi.com/caselaws?id=771225 ITAT Delhi upheld CIT(A)'s decision to delete addition made by denying LTCG exemption u/s 10(38). Following precedent in Tapas Kumar Mallick and Krishna Devi cases, Tribunal held that assessee discharged initial burden of proving source of money credited in bank account through documentary evidence. AO failed to rebut the evidence provided by assessee. CIT(A) correctly appreciated facts and material on record in deleting the addition. Appeal decided in favor of assessee. en-us Mon, 19 May 2025 00:00:00 +0530 Thu, 22 May 2025 08:21:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771225 ITAT Delhi upheld CIT(A)'s decision to delete addition made by denying LTCG exemption u/s 10(38). Following precedent in Tapas Kumar Mallick and Krishna Devi cases, Tribunal held that assessee discharged initial burden of proving source of money credited in bank account through documentary evidence. AO failed to rebut the evidence provided by assessee. CIT(A) correctly appreciated facts and material on record in deleting the addition. Appeal decided in favor of assessee. Case-Laws Income Tax Mon, 19 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771225