Assessee Cleared of Liability in Broker Manipulation Case; All LTCG Transactions Properly Recorded and Traded via Stock Exchange.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Long Term Capital Gains (LTCG) being earned on the sale of scrips - Assuming that the brokers may have done some manipulation but the assessee cannot be held liable for the Act of the brokers when the entire transactions have been done through banking channels duly recorded in the Demant accounts with a Government depository and traded on the stock exchange. - AT....