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2022 (9) TMI 1328 - HC - Income TaxAddition u/s 68 - bogus capital gain generated in penny stock - proceedings u/s143(3) and suspicious transanction in shares cannot be exempted u/s 10(38) - HELD THAT:- It cannot be disputed that an identical issue was considered in a batch of cases in PCIT Vs. SWATI BAJAJ [2022 (6) TMI 670 - CALCUTTA HIGH COURT] and the appeals filed by the revenue were allowed. There are no distinguishing features in the case on hand to take a different view.
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