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2010 (2) TMI 873 - AT - Income TaxLTCG or income from other sources - Unexplained shares - Held that:- assessee has not filed any cogent evidence to show as to why the shares purchased in November, 2003 for which payment was made by the assessee in February, 2004 were credited to her Demat A/c in November, 2004. Since the assessee has not filed any cogent evidence, it has to be held that these shares which were credited in Demat A/c of the assessee in November, 2004 were not the same shares which are stated to have been purchased by the assessee in November, 2003. Since no other source has been explained by the assessee regarding credit of these 11000 shares in her Demat A/c in November, 2004. These shares have to be held as unexplained shares, sale proceeds of which have to be assessed as unexplained income of the assessee, therefore, reverse the order of the ld CIT(A) and uphold the assessment order on this issue. Ground of the revenue is allowed.
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