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2013 (12) TMI 649 - AT - Income TaxAddition on account of short term capital gain – The assessee has sold only original shares and not the bonus shares - Held that:- In view of amendment bought to section 55 - The computation was made taking into consideration cost of original shares only – Decided against Revenue. Disallowance u/s 14A – Held that:- Following Godrej & Boyce Mfg. Co. Ltd. vs. DCIT [2010 (8) TMI 77 - BOMBAY HIGH COURT] - The Assessing Officer must adopt a reasonable basis or method consistent with all the relevant facts and circumstances after furnishing a reasonable opportunity to the assessee to place all germane material on the record – The issue set aside for fresh adjudication.
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