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2017 (4) TMI 1263 - AT - Income TaxTreatment of long term capital gains as cash credit u/s 69C - Held that:- On perusal of the orders of the Revenue Authorities as well as the cited decision of the Tribunal in the case of Sri Indravadan Jain HUF (2016 (7) TMI 16 - ITAT MUMBAI), I find, the said decision of the Tribunal applies to the instant appeals of the assessees and there is no case for confirming the said addition in both the cases. The additions made u/s 69C of the Act stand deleted. Therefore, I direct the Assessing Officer to accept the claims of the assessee - Decided in favour of assessee.
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