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2008 (10) TMI 158 - DELHI HIGH COURTTribunal deleting the disallowance of loss in trading of shares – loss in share transactions by broker – since assessee is giving reasonable explanation with necessary data, assessee cannot be penalized for infraction committed by broker - question whether the impugned share transaction in which the assessee was engaged was a colourable device or not is essentially a question of fact - nothing has been brought by Revenue which would persuade us to hold that the findings returned by the authorities below were either contrary to the evidence placed on record, and, hence perverse
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