https://www.taxtmi.com/caselaws?id=462236 The SC/Tribunal upheld the taxpayer's exemption claim for long-term capital gains under section 10(38) of the Income Tax Act. The court found the share transactions genuine, conducted through recognized stock exchanges with Securities Transaction Tax paid. The Revenue's challenge based on SEBI investigation reports was rejected due to lack of specific evidence against the taxpayer. The addition under section 68 was deleted, affirming the legitimacy of the capital gains. en-us Mon, 27 May 2024 00:00:00 +0530 Tue, 03 Jun 2025 19:32:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462236 The SC/Tribunal upheld the taxpayer's exemption claim for long-term capital gains under section 10(38) of the Income Tax Act. The court found the share transactions genuine, conducted through recognized stock exchanges with Securities Transaction Tax paid. The Revenue's challenge based on SEBI investigation reports was rejected due to lack of specific evidence against the taxpayer. The addition under section 68 was deleted, affirming the legitimacy of the capital gains. Case-Laws Income Tax Mon, 27 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462236