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2008 (10) TMI 647 - AT - Income TaxExtract: .......f shares had also been paid by the assessee by cheques dt. 1st Sept., 2003, which is evidenced by the bank account. In light of the above facts, we hold that the assessee had correctly declared the gain on the sale of shares as long-term capital gain. In the result, appeal filed by the assessee is allowed and that filed by the Revenue is dismissed.
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