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2013 (6) TMI 349 - ITAT DELHIBogus accommodation entry received in the garb of sale of shares - addition made u/s 68 - CIT(A) deleted the addition - Held that:- Agreeing with the submission of assessee if sale consideration was actually Rs. 6.98 per share, the AO ought to have given reduction in the sale proceeds computed at this rate before making any addition of the alleged over-stating the sale price by Rs. 3.02 per share. If this correct method had been followed, no addition would have resulted in the case of the assessee. No error in the finding of the CIT(Appeals). In favour of assessee.
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