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2016 (10) TMI 1028 - AT - Income TaxUnexplained receipt of sale of shares - Held that:- it is established that even if there were some other instances of sale of shares at a higher price that cannot lead to a conclusion that the appellant had also sold its shares at higher price until otherwise the A.O is able to prove that the consideration received by the appellant is more than what is shown in the return of income. Since the A.O failed to establish that the appellant had received the sale consideration more than what is shown, the addition is to be deleted - Decided in favour of assessee
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