Addition u/s. 68 deleted since denial of exemption u/s. 10(38) not justified: ITAT Delhi

DCIT Vs Krishan Kumar (ITAT Delhi) ITAT Delhi held that there is no case for making any addition u/s 68 of the Act in the hands of the assessee by denying the exemption under section 10(38) of the Act for the LTCG on sale of shares of Unno Industries Limited. Accordingly, appeal allowed. Facts- The assessee is an individual and running a proprietary concern namely M/s Aggarwal Marble House engaged in the business of trading of marbles. During the year under consideration, the assessee had claimed exemption u/s. 10(38) of the Act on sale of shares of M/s Unno Industries Ltd. The scrip of M/s Un...