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2016 (1) TMI 705 - AT - Income TaxPurchase and sale of shares - ingenuity of transactions - claim of long term capital gains by assessee - CIT(A) allowed the claim - Held that:- The assessee had duly furnished the evidence of purchase and sale of shares and the long term capital gain earned therefrom. No discrepancy has been brought out by the ld. D.R. in relation to the share transactions done by the assessee with M/s Database Finance Ltd. We, therefore, do not find any infirmity in the order of the ld. CIT(A) while allowing the claim of the assessee. - Decided in favour of assessee
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