https://www.taxtmi.com/caselaws?id=468910 Belated filing was condoned where notice of the first appellate proceedings had not been effectively served at the e-mail address given in the appeal papers, and the delay was found neither intentional nor deliberate. The Tribunal also stated that long-term capital gain could not be treated as unexplained cash credit when the share transactions were genuine, routed through banking channels and a recognised stock exchange, with STT paid and the shares held for more than seven years; the related addition for unexplained expenditure as commission consequently could not survive. The reopening challenge was treated as covered by the earlier common order, and the additions were deleted. en-us Mon, 10 Feb 2025 00:00:00 +0530 Mon, 25 May 2026 20:05:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468910 Belated filing was condoned where notice of the first appellate proceedings had not been effectively served at the e-mail address given in the appeal papers, and the delay was found neither intentional nor deliberate. The Tribunal also stated that long-term capital gain could not be treated as unexplained cash credit when the share transactions were genuine, routed through banking channels and a recognised stock exchange, with STT paid and the shares held for more than seven years; the related addition for unexplained expenditure as commission consequently could not survive. The reopening challenge was treated as covered by the earlier common order, and the additions were deleted. Case-Laws Income Tax Mon, 10 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468910