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LTCG Not Eligible For Exemption U/s 10(38) If Claimed On Bogus Scrips: Ahmedabad ITAT

On finding the scrips as non-genuine and bogus, the Ahmedabad ITAT confirms the Assessing Officer s and CIT(A) s decision for denying the LTCG exemption under Section 10(38) of the Income Tax Act,.

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