LTCG exemption allowed in absence of any link between assessee’s transaction & investigation carried out by DIT

Amit Jindal Vs ITO (ITAT Delhi) Facts- The assessee is an individual and derives income as partner in the firm Jindal Aluminum Company, income from capital gains and income from other sources. The assessee had purchased 5000 shares of Esteem Bio Organic Food Processing Ltd. on 15.06.2012 for a consideration of Rs.50,000/-. Subsequently, the assessee was allotted bonus shares in the ratio 1:3 which resulted into 15000 shares. The shares were de-mated on 17.11.2017. Out of above 15000 shares, the assessee sold 11000 shares for a consideration of Rs.46,91,079/-. After deducting the cost of acqui...