Assessee had sold shares of Shree Nath Commercial and Finance Ltd  (SNCFL)  and earned long-term capital gains and claimed exemption under section 10(38) of the Act. The Assessing Officer treated purchase as bogus and added it to total income.  Commissioner (Appeals) examined all relevant documents provided by assessee, including bills of purchases, broker account copies, bills for sales, and bank statements and held that purchases were made through a recognized broker via cheque, establishing their genuineness and, thus, he directed Assessing Officer to delete addition of LTCG claimed as exempt under section 10(38).  Tribunal upheld Commissioner (Appeals) decision stating that there was no evidence implicating assessee or broker in any wrongdoing related to SNCFL script. On appeal by the Revenue  High Court affirmed the order of the Tribunal (AY. 2013-14)