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2010 (12) TMI 64 - ALLAHABAD HIGH COURTLong Term Capital Gain - assessing officer treated the sale transaction to be sham and added the entire sale price as income under Section 68 of the Income Tax Act - Held that: - Commissioner had deleted the addition after considering that the transaction of sale of share was conducted through the borker, who had confirmed the sale and then the transaction was done through Calcutta Stock Exchange - There is no illegality in the same - Appeal is dismissed
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