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2006 (11) TMI 237 - AT - Income TaxExtract: .......into consideration, we are of the considered view that the AO was justified in holding that the sale of shares of M/s Ankur International Ltd. claimed by the assessee was not established to be genuine. We accordingly set aside the order of the CIT(A) in this regard and restore that of the AO. 32. In the result, the appeal of the Revenue is allowed.
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