https://www.taxtmi.com/caselaws?id=786352 Exemption from long-term capital gains under section 10(38) was denied in a bogus LTCG matter involving allegations of a penny stock transaction and ongoing SEBI and SFIO investigation. The Tribunal's finding that the Assessing Officer had treated the company as a penny stock without bringing adequate evidence was recorded as a factual conclusion, and it was noted that the investigation would not be affected by the Tribunal's findings on LTCG eligibility. As the dispute turned on findings of fact and no substantial question of law arose, the Supreme Court declined interference under Article 136 and dismissed the special leave petition. en-us Mon, 09 Feb 2026 00:00:00 +0530 Fri, 13 Feb 2026 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786352 Exemption from long-term capital gains under section 10(38) was denied in a bogus LTCG matter involving allegations of a penny stock transaction and ongoing SEBI and SFIO investigation. The Tribunal's finding that the Assessing Officer had treated the company as a penny stock without bringing adequate evidence was recorded as a factual conclusion, and it was noted that the investigation would not be affected by the Tribunal's findings on LTCG eligibility. As the dispute turned on findings of fact and no substantial question of law arose, the Supreme Court declined interference under Article 136 and dismissed the special leave petition. Case-Laws Income Tax Mon, 09 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786352