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2020 (1) TMI 1665 - ITAT KOLKATAAddition u/s 68 - disallowance of losses to be bogus since involving alleged client code modification made by the broker - HELD THAT:- As decided in KUNDAN INVESTMENT LTD. [2003 (3) TMI 62 - CALCUTTA HIGH COURT] impugned loss claimed by assessee is genuine loss in the above facts and circumstances of the case and therefore eligible for deduction. The impugned unexplained cash credit addition is not sustainable in the facts of the present case. The same is directed to be deleted. Decided in favour of assessee.
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