Pravin C. Bokadia Vs ITO (ITAT Mumbai)
Case ke facts
Assessee ne Lifeline Drugs ki shares bech ke LTCG claim kiya tha. AO ne penny stock bol ke exemption rok di. Assessee par price rigging ka koi proof nahi tha.
Mudda (Issue)
Kya sirf penny stock allegation par section 10(38) exemption roki ja sakti hai?
Faisla (Held)
ITAT ne bola, kyunki koi link nahi mila bogus transaction se, exemption milni chahiye. Sirf suspicion se exemption nahi roki ja sakti.
Practical takeaway
LTCG exemption claim karne par agar aap par koi strong evidence nahi hai toh AO ke suspicion par hi exemption nahi ruqi ja sakti.
Original report: taxguru.in
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Yeh summary public report par aadhaarit general jaankari hai, legal advice nahi. Poora faisla padhne ke liye original source dekhiye. Published on cgaindia.com: 2026-09-02.