Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (11) TMI 440 - AT - Income TaxUnexplained cash credit u/s 68 read with section 115BEE - sale of shares - exemption u/s 10(38) claimed - Held that:- No hesitation to hold that neither AO nor CIT-A has been able to controvert assessee’s copious evidences filed in present case which clearly supports the case of assessee qua LTCG claimed as exempt u/s 10(38) of the Act on sale of shares of M/s Kappac Pharma Limited and so issue framed by me above needs to be answered in favor of appellant /assessee. So addition made on a/c of LTCG /s 68 read with section 115BEE is deleted. So grounds relating to addition u/s 68 are allowed. - Decided in favour of assessee
|