Dismissing the appeal of the assessee the Tribunal held that  ,the meticulous paper work of routing the transaction through banking channel is futile because the results are altogether beyond human probabilities. Neither in the past nor in the subsequent years, assessee has indulged into any such investment having huge windfall. Had the assessee been so intelligent qua the intricacies of the share market, he would have definitely undertaken such risk taking activities in the past or future by making such investment in unknown stock. It is a sham transaction to convert undisclosed income into disclosed by evading tax under the garb of LTCG in connivance with entry providers. Gain was  assessed as bogus capital gains from   Penny Stocks (282 times  gain in 12 months. Denial of exemption is held to be justified. (Pooja Ajmani v. ITO (2019) 177 ITD 127 (Delhi) (Trib) & Udit Kalra v.ITO (2019)176 DTR 249 / 308 CTR 50 (Delhi)(HC)  followed.  (ITA No.1881/Del./2018, dt. 14.06.2019) (AY. 2014-15)