https://www.taxtmi.com/article/detailed?id=8519 Denial of exemption for long term capital gains under Section 10(38) and confirmation of addition as unexplained credit under Section 68 are central. The High Court dismissed the taxpayer's appeal treating lower authorities' findings as concurrent, while the author argues the taxpayer's broader substantive grounds were insufficiently pressed and the court failed to frame and answer substantial questions of law as required. The article stresses that sale on the exchange, dematerialisation records, broker settlement and exchange surveillance mechanisms should have weighed against imputing sham transactions. en-us Wed, 29 May 2019 06:49:58 +0530 Wed, 29 May 2019 06:49:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8519 Denial of exemption for long term capital gains under Section 10(38) and confirmation of addition as unexplained credit under Section 68 are central. The High Court dismissed the taxpayer's appeal treating lower authorities' findings as concurrent, while the author argues the taxpayer's broader substantive grounds were insufficiently pressed and the court failed to frame and answer substantial questions of law as required. The article stresses that sale on the exchange, dematerialisation records, broker settlement and exchange surveillance mechanisms should have weighed against imputing sham transactions. Articles Income Tax Wed, 29 May 2019 06:49:58 +0530 https://www.taxtmi.com/article/detailed?id=8519