Court Finds No Evidence for Bogus Long-Term Capital Gains Allegation u/ss 68 and 10(38) of Income Tax Act.

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....Addition u/s 68 - exemption u/s 10(38) - allegation of bogus long term capital gain - although the appreciation is very high, the shares were traded on the National Stock Exchange and the payments and receipts were routed through the bank. - A.O. did not mention any fact as to how the claim of assessee was sham or bogus.....