Claim of LTCG u/s 10(38) of Income Tax Act Rejected due to Non submission of Documents: ITAT Quashes Order [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) quashed the order of the assessing officer (AO) for rejecting the claim of long-term capital gain (LTCG) under section 10(38) of the Income Tax Act,1961 on grounds of non-submission of documents.  Ahmednagar Investments Pvt. Ltd, the appellant assessee filed two appeals against the order passed by the Commissioner of Income…