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2013 (1) TMI 847 - AT - Income TaxWhether share transactions were bogus and fictitious - Held that:- The assessee filed copy of the balance sheet of earlier year, copy of bank account, allotment letter, quotation of shares and copies of shares sold along with the sale bills and contract notes issued by the share broker - Hence the sales are not sham transactions - Assessee has received entire sale consideration of shares through known sources - Decided against the revenue
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