The assessee purchased of CCL International Ltd from Suktara Trade Links pvt Ltd . The shares were sold through Edelweiss Broking Ltd . The shares were sold after holding  the share one and half years . The Assessing Officer on the basis of report of the investigation wing  , Kolkota  held that  capital gain being bogus hence not entitle exemption .  Allowing the appeal of the assessee the Tribunal held that the documents demonstrates that the assessee had purchased shares through Brokers for which the payment was made through banking channels. The assessee had sold shares through an authorized stock broker and payment was received through baking channels after deduction of STT. The AO has not doubted any of the documents. The only objection raised is that the script from which the assessee had earned Long Term Capital Gain has been held by the Investigation Wing of the Revenue to be a paper entity and that this scrip was being used for creating artificial capital gain. The objection is not acceptable (Udit Kalra v ITO ITA No. 220/ 2019 dt 8-3 2019  (Delhi High Court) distinguished). ( ITA No. 501,502,504 &505/LKw/2019, dt,16.12.2020)(AY. 2015-16)