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2010 (7) TMI 785 - HC - Income TaxShare dealing transactions - Addition on account of unaccounted commission earned by the assessee on share dealing transactions - Claim of the assessee that it was receiving only 1.50% commission on long term transactions and 0.30% commission on total transactions was duly considered – Held that:- assessee itself surrendered additional income was also taken into account which fact itself shows that the initial declaration of income of the assessee was not genuine. In absence of genuineness of the stand of the assessee, the Tribunal held that rate of 0.75% to the gross turnover would be a fair assessment, appeal is dismissed
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