https://www.taxtmi.com/caselaws?id=767030 The SC dismissed the Special Leave Petition for a 292-day unexplained delay, finding the delay not satisfactorily explained. On merits, the HC had held the assessee's claim for exemption of long-term capital gains u/s 10(38) could not be treated as bogus based solely on presumption absent evidence regarding shares of Sunrise Asian Ltd, which SEBI did not find rigged; the assessee had held the shares for about two and a half years before sale. en-us Mon, 03 Mar 2025 00:00:00 +0530 Thu, 30 Oct 2025 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767030 The SC dismissed the Special Leave Petition for a 292-day unexplained delay, finding the delay not satisfactorily explained. On merits, the HC had held the assessee's claim for exemption of long-term capital gains u/s 10(38) could not be treated as bogus based solely on presumption absent evidence regarding shares of Sunrise Asian Ltd, which SEBI did not find rigged; the assessee had held the shares for about two and a half years before sale. Case-Laws Income Tax Mon, 03 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767030