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Transactions Deemed Legitimate: Evidence Supports Purchase, Dematerialization, and Sale of Shares; No Contradictory Evidence Found.

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Full Text of the Document

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....Bogus LTCG - since the assessee produced all relevant evidence to substantiate the transaction of purchase, dematerialization and sale of shares then, in the absence of any contrary material or record, the same cannot be held as bogus transaction merely on the basis of report of Investigation Wing....