https://www.taxtmi.com/caselaws?id=471704 Share-sale proceeds and the claimed long-term capital gain required fresh verification where purchase records, dematerialised holdings, stock-exchange sales and banking receipts were available, but the investigation into alleged exit providers remained incomplete. Unserved notices alone did not complete verification because the identified providers were not properly examined, the taxpayer lacked a reasonable opportunity to address that verification, and no enquiry was made from the person said to have handled the transactions. Withdrawal of the scrip's trading suspension indicated no continuing trading bar. The matter was remitted to the Assessing Officer for further investigation and relevant statements. en-us Tue, 13 Aug 2024 00:00:00 +0530 Tue, 15 Sep 2026 13:14:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471704 Share-sale proceeds and the claimed long-term capital gain required fresh verification where purchase records, dematerialised holdings, stock-exchange sales and banking receipts were available, but the investigation into alleged exit providers remained incomplete. Unserved notices alone did not complete verification because the identified providers were not properly examined, the taxpayer lacked a reasonable opportunity to address that verification, and no enquiry was made from the person said to have handled the transactions. Withdrawal of the scrip's trading suspension indicated no continuing trading bar. The matter was remitted to the Assessing Officer for further investigation and relevant statements. Case-Laws Income Tax Tue, 13 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471704