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3. The only effective ground in this appeal is against the confirmation of addition made by the Assessing Officer ("AO") regarding declining the exemption for Long Term Capital Gain ("LTCG") of Rs.22,76,598/- on sale of equity shares of Eco Friendly Food Processing Park Ltd. FACTS OF THE CASE

4. Facts giving rise to the present appeal are that in this case the assessee HUF has filed its return of income electronically on 31.08.2015 declaring total income of Rs.7,91,340/-. Subsequently, the case was selected for complete scrutiny under Computer Assisted Scrutiny Selection ("CASS"). Accordingly, notice u/s 143(2) of the Income Tax Act, 1961 ("the Act") was issued to the assessee. In response to the statutory notices, Ld.AR of the assessee attended the proceedings. It was noticed by the AO that as per computation of income submitted by the assessee, income from LTCG of Rs.22,76,598/- had been claimed out of the sale of shares of Eco Friendly Food Processing Park Ltd. The AO called upon the assessee to substantiate the claim and asked it to file various documents i.e. contract notes for each transaction, relevant copy of Demat Account statement, relevant copy of ledgers in the books of broker, relevant copy of Bank Account statement and details of