https://www.taxtmi.com/caselaws?id=409027 Where the purchase of shares is doubted but the shares are credited to the assessee's demat account and later sold through regular market channels, the holding period may be reckoned from demat credit. On that basis, the claimed long-term capital gain exemption under section 10(38) is denied and the gain is taxed as short-term capital gain under section 111A. The sale transaction may still be accepted, but the questionable purchase side can prevent the transaction from qualifying for exempt long-term treatment. en-us Tue, 25 May 2021 00:00:00 +0530 Mon, 28 Jun 2021 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409027 Where the purchase of shares is doubted but the shares are credited to the assessee's demat account and later sold through regular market channels, the holding period may be reckoned from demat credit. On that basis, the claimed long-term capital gain exemption under section 10(38) is denied and the gain is taxed as short-term capital gain under section 111A. The sale transaction may still be accepted, but the questionable purchase side can prevent the transaction from qualifying for exempt long-term treatment. Case-Laws Income Tax Tue, 25 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409027