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1981 (11) TMI 107 - ITAT MADRAS-AExtract: .......se could hardly be of any assistance to him. Hence, we are of the view that in the facts and in the circumstances of the assessee rsquo s case, ownership of the shares stand transferred during the year and that the assessee is entitled to the loss of Rs. 26,806.64 as claimed by him as long-term capital loss. 6. In the result, the appeal is allowed.
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