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No capital gain exemption on sale of shares if assessee failed to prove the genuineness of transaction

November 6, 2019[2019] 110 307 (Delhi - Trib.)/[2019] 179 ITD 333 (Delhi - Trib.)

INCOME TAX: Where long-term capital gain on sale of shares by assessee was an arranged affair to convert its own unaccounted money through accommodation entries and assessee failed to prove genuineness of transaction, exemption claimed under section 10(38) on sale of shares had rightly been disallowed
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