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1991 (1) TMI 26 - KARNATAKA HIGH COURTExtract: ....... to find out the intention behind such a purchase, and not to draw an inference of speculation from the fact that subsequently the shares were sold at a low price. For the reasons stated above, we cannot agree with the finding of the Appellate Tribunal. Therefore, the answer to the question referred to us is in the negative and against the Revenue.
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