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2010 (12) TMI 64 - HC - Income Tax


The High Court of Allahabad upheld the decision of the Commissioner and the Tribunal regarding a Long Term Capital Gain case for the assessment year 2003-04. The assessing officer had treated the sale transaction as sham, but it was found to be legitimate through a broker and the Calcutta Stock Exchange. The appeal by the Income Tax Department was dismissed.

 

 

 

 

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