Held that without giving an opportunity of cross examination exemption on long term cannot be denied. Addition of estimate of expenditure was deleted. (AY. 2011-12, 2013-14, 2014-15)
Sanjay Singal v. Dy.CIT (2021) 92 ITR 214 (Chd.)(Trib.) Aarti Singal (Smt.) v. Dy.CIT (2021) 92 ITR 214 (Chd.)(Trib.) Aniket Singhal v. Dy.CIT (2021) 92 ITR 214 (Chd.)(Trib.) Sanjay Singhal (HUF) v. Dy. CIT (2021) 92 ITR 214 (Chd.)(Trib.)
S. 68 : Cash credits-Long term capital gains-Opportunity of cross examination was not given-Denial of exemption was not justified-Estimate of expenses was also deleted-Additional evidence was admitted. [S. 10 (38), 45, 69C, 132(4), ITAT R. 29]