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2011 (7) TMI 112 - AT - Income TaxAddition - excess dividend recovered - the assessee has always maintained that the dividend received by it which were lawfully payable to the transferee of shares were not its money - Further the dividends were received on shares which were held as investments - At the time of receipt of the dividends, the shares did not form part of the investment portfolio of the assessee and, therefore, it cannot be said that it was received by the assessee in its character as an investor - Decided in favour of assessee.
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