NSE Sub-broker's Registration Cancellation Doesn't Invalidate Buniyad Chemicals Share Sale; Assessee Proves Legitimate Ownership Since 2004.

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....Bogus LTCG - bogus share transaction - As in so far as cancellation of registration of sub-broker by the NSE through whom the assessee had sold shares of Buniyad Chemicals, it would not make the transaction of sale of shares bogus. - By furnishing cogent evidence, assessee has discharged her onus in proving that she was holding the shares since 2004 and had sold the shares during the relevant period. - AT....