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2018 (8) TMI 669 - ITAT AGRAAssessment u/s 153C - Deemed dividend u/s 2(22)(e) - additions account of unexplained credit - claim of exemption u/s 10(38) towards long term capital gains from sale of shares - The issue involved in the cross objections is that where the addition made is not based on any incriminating material found during search, such addition made u/s 153C of the IT Act is not legally sustainable. - Held that:- Contentions of the assessee found to be valid - No additions - Decided against the revenue.
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