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    <title>Exemption Claim Denied: Section 10(38) Inapplicable for New Shares Bought with Sale Proceeds of Other Shares.</title>
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    <description>Exemption u/s 10(38) - New shares are purchased deploying funds realized on the sale of such shares. To contend, therefore, of some such shares as being capital assets on the premise that the same are sold beyond one year of their purchase, is, therefore, clearly untenable. - AT</description>
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      <description>Exemption u/s 10(38) - New shares are purchased deploying funds realized on the sale of such shares. To contend, therefore, of some such shares as being capital assets on the premise that the same are sold beyond one year of their purchase, is, therefore, clearly untenable. - AT</description>
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