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2013 (11) TMI 10 - AT - Income TaxAddition u/s 68 as cash credit Addition on account of transaction of sale of shares Held that:- Reliance has been placed upon the judgment of Delhi High Court in the case of CIT Vs. Medshave Health Care Ltd. [2010 (2) TMI 120 - DELHI HIGH COURT] and Akshay Portfolio (P) Ltd. [2012 (10) TMI 320 - ITAT, DELHI] In the present case, assessee is share trading company. The impugned sale of shares to M/s S.J. Capital Ltd. and M/s B. Finlease India Pvt. Ltd. has been effected out of the stock in trade of the assessee. The payments for realization of sale of shares has been received through banking channels. All the corresponding entries are incorporated in the books of accounts Transaction is genuine Decided against the Revenue.
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