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In the grounds of appeal, the assessee has challenged the disallowance of exemption claimed on account of long term capital gains from sale of shares of companies, M/s Turbo Tech Engineering Ltd. of Rs. 20,55,146/-; and M/s Esteem Bio Organic Food Processing Ltd. ( Rs. 23,00,616/- (public limited companies listed on recognized stock exchange) and similar disallowances with respect to same scrips have been made in the cases of Shruti Luthra, Namrata Sehgal Luthra and Asha Luthra.

Shanti Prime Publication Pvt. Ltd.

Section 10(38) of the Income Tax Act, 1961 — Exemption — Assessee was entitled to Exemption under section 10(38) as the transactions were carried out through a dematerialsed account and banking channels and securities transaction tax had been paid by the assessee and specific material against the assessee should have been brought on record to be assessed under liability — Swati Luthra vs. Income tax Officer [2019] 76 ITR (trib) 432(Delhi)  

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