Tax Tribunal Rules: No Mandatory Demat Account for Share Sale Proceeds; Unwarranted 5% Income Assessment on Disclosed LTCG.

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....Sale proceeds of shares - there is no compulsion under any law that the shares should be held only in Demat account form only - since LTCG has been disclosed, the question of assessing 5% of the Gross sale receipts as unaccounted income of assessees does not arise - AT....