https://www.taxtmi.com/caselaws?id=294895 The Tribunal allowed the appeal, directing the Assessing Officer to grant the assessee the benefit of exemption under section 10(38) for long term capital gains on shares purchased from M/s. Sulabh Engineers and Services Ltd. The Tribunal found no evidence connecting the assessee to the alleged bogus claims and emphasized the legitimacy of the transactions conducted through the Bombay Stock Exchange with payment of Securities Transaction Tax. The decision was made in Chennai on June 18, 2019. en-us Tue, 18 Jun 2019 00:00:00 +0530 Sat, 08 May 2021 08:16:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294895 The Tribunal allowed the appeal, directing the Assessing Officer to grant the assessee the benefit of exemption under section 10(38) for long term capital gains on shares purchased from M/s. Sulabh Engineers and Services Ltd. The Tribunal found no evidence connecting the assessee to the alleged bogus claims and emphasized the legitimacy of the transactions conducted through the Bombay Stock Exchange with payment of Securities Transaction Tax. The decision was made in Chennai on June 18, 2019. Case-Laws Income Tax Tue, 18 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294895