TMI BlogThere was a genuine transaction of purchase and sale of shares on which assessee has earned Long Term...There was a genuine transaction of purchase and sale of shares on which assessee has earned Long Term Capital Gain, and therefore, such Long Term Capital Gain cannot be taxed u/s. 68. Since Long Term Capital Gain is exempted u/s. 10(38), therefore, no addition is called for ..... X X X X Extracts X X X X X X X X Extracts X X X X
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