In the result, all the three appeals of the assessee are allowed as indicated above and the appeal of Revenue is partly allowed
Bench: Shris.Rifaur Rahman & Shri Vimal Kumar
bogus claims of Long Term Capital Gain/Short Term Capital Loss or any other sham transactions. " Similarly, the clarification for unlisted shares states: "It is, however, clarified that the above would not be necessarily applied in the situation where: (i) the genuineness of the transaction in unlisted shares itself is questionable; or (ii) the transfer of unlisted shares is related