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2019 (1) TMI 97 - AT - Income TaxAddition made on account of Long Term Capital Gain as against the income from other sources held by the AO - Held that:- All the investments made out of assessee’s account and it was routed through the demat account of its Director. CIT(A) accepted the submissions of the assessee that in the earlier years, AO assessed the same as capital gain the fact of which not disputed by the DR. The fact of treating the assessee is the beneficial owner of the said investments and the Director allowed his demat account for assessee’s business transaction in purchase and sale of shares is not disputed by the assessee. - Decided against the revenue.
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