The  Assessing Officer disallowed exemption claimed by assessee under section 10(38) and made additions, alleging involvement in penny stock which were being misused for providing bogus accommodation of LTCG. Tribunal deleted the addition. On appeal High Court affirmed the order of the Tribunal on the ground that  there was lack of adverse comments from stock exchange and officials of company involved in these transactions and no material relating to assessee was found in investigation wing report. SLP of revenue is dismissed. (AY. 2014-15)