https://www.taxtmi.com/highlights?id=67482 Bogus LTCG - exemption claimed u/s 10(38) - Onus to prove - the only logical recourse would be to place reliance on the orders passed by SEBI pointing out the malpractices by certain parties and taking action against them. Since assessee or his broker is not one of the parties who had been proceeded against by SEBI, the transaction carried out by the assessee cannot be termed as bogus. - AT en-us Wed, 04 Jan 2023 08:29:44 +0530 Wed, 04 Jan 2023 08:29:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=67482 Bogus LTCG - exemption claimed u/s 10(38) - Onus to prove - the only logical recourse would be to place reliance on the orders passed by SEBI pointing out the malpractices by certain parties and taking action against them. Since assessee or his broker is not one of the parties who had been proceeded against by SEBI, the transaction carried out by the assessee cannot be termed as bogus. - AT Highlights Income Tax Wed, 04 Jan 2023 08:29:44 +0530 https://www.taxtmi.com/highlights?id=67482