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2014 (11) TMI 1065 - ITAT MUMBAIAddition on account of alleged sale of shares - Held that:- The facts of the present case are similar to the earlier appeal decided by the Tribunal on similar facts in the case of Shri Anantrai B Shah vs. ITO [2012 (12) TMI 966 - ITAT MUMBAI] wherein held neither the statement of Mukesh Chokshi was provided to the assessee nor there was any cross examination of Mukesh Chokshi, whereas contrary to that the assessee has filed all the details required for providing for purchase of shares were genuine. It is not a case of the department, whatever the consideration was paid by the assessee through cheque for purchasing of shares have come back to the assessee under the garb of bogus purchases as there is no evidence against the assessee. Keeping in mind all these facts and circumstances of the case, thus hold that the addition made and sustained on account of purchase of shares only on the basis of statement of Mukesh Chokshi, was not justified - Decided in favour of assessee.
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