AdvertisementKantaben Bhogilal Kubadia Vs ITO (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT), Mumbai, decided the appeal filed by the assessee against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, for Assessment Year 2013-14. The assessee challenged the confirmation of additions made under Section 68 of the Income Tax Act, 1961 amounting to ₹80,35,770 in respect of long-term capital gains (LTCG) claimed as exempt under Section 10(38), and ₹6,42,862 towards alleged commission paid at 8% of the LTCG. The assessment had been reopened on the basis of inform...