https://www.taxtmi.com/caselaws?id=783890 Whether gains on sale of shares were LTCG/LTCL or STCG depended on correct determination of period and cost of acquisition. The ITAT held that the CIT(A) rightly accepted the assessee's documentary evidence (including tranche-wise acquisition details), corroborated through remand proceedings, establishing correct acquisition dates and costs; the Revenue failed to rebut these findings, so allowance of LTCL/LTCG treatment and rejection of AO's nil-cost/STCG approach were upheld and the Revenue's ground was dismissed. Whether excess salary was taxable turned on statutory recovery under the Companies Act; applying HC precedent, recovered sums were not income, so deletion was upheld and the ground dismissed. Whether addition u/s 69A for alleged foreign property investment was sustainable depended on source linkage; with funds traced to family entities and the purchaser entity, deletion was upheld and the ground dismissed. en-us Fri, 19 Dec 2025 00:00:00 +0530 Wed, 24 Dec 2025 07:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783890 Whether gains on sale of shares were LTCG/LTCL or STCG depended on correct determination of period and cost of acquisition. The ITAT held that the CIT(A) rightly accepted the assessee's documentary evidence (including tranche-wise acquisition details), corroborated through remand proceedings, establishing correct acquisition dates and costs; the Revenue failed to rebut these findings, so allowance of LTCL/LTCG treatment and rejection of AO's nil-cost/STCG approach were upheld and the Revenue's ground was dismissed. Whether excess salary was taxable turned on statutory recovery under the Companies Act; applying HC precedent, recovered sums were not income, so deletion was upheld and the ground dismissed. Whether addition u/s 69A for alleged foreign property investment was sustainable depended on source linkage; with funds traced to family entities and the purchaser entity, deletion was upheld and the ground dismissed. Case-Laws Income Tax Fri, 19 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783890