https://www.taxtmi.com/highlights?id=26483 LTCG - Claim of exemption u/s 10(38) - It is a settled law that assessment cannot be made on the basis of suspicion or surmise. The AO has not brought any material on record to support his finding that there has been collusion/connivance between the broker and the appellant for the introduction of its unaccounted money. - AT en-us Sat, 19 Dec 2015 06:48:59 +0530 Sat, 19 Dec 2015 06:48:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=26483 LTCG - Claim of exemption u/s 10(38) - It is a settled law that assessment cannot be made on the basis of suspicion or surmise. The AO has not brought any material on record to support his finding that there has been collusion/connivance between the broker and the appellant for the introduction of its unaccounted money. - AT Highlights Income Tax Sat, 19 Dec 2015 06:48:59 +0530 https://www.taxtmi.com/highlights?id=26483