https://www.taxtmi.com/caselaws?id=778890 HC upheld the Tribunal's finding that the assessee's claim for exemption of long-term capital gains under s.10(38) was genuine. The Tribunal found no evidence to support the AO's presumption of a bogus transaction or rigging, noting the shares were held for an extended period and supported by transaction records. In light of these facts and absence of corroborative evidence, the exemption under s.10(38) was allowed and the decision was in favour of the assessee. en-us Mon, 01 Sep 2025 00:00:00 +0530 Sat, 09 May 2026 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778890 HC upheld the Tribunal's finding that the assessee's claim for exemption of long-term capital gains under s.10(38) was genuine. The Tribunal found no evidence to support the AO's presumption of a bogus transaction or rigging, noting the shares were held for an extended period and supported by transaction records. In light of these facts and absence of corroborative evidence, the exemption under s.10(38) was allowed and the decision was in favour of the assessee. Case-Laws Income Tax Mon, 01 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778890