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2006 (1) TMI 236 - ITAT OF MUMBAI
Extract:
.......ssee s own trading in shares. The AO having invoked the provisions of s. 73 and disallowed the loss incurred amounting to Rs. 42,416 on the purchase and sales of shares. Before the CIT(A), this disallowance was not agitated by the assessee and he confirmed the disallowance. Similar is the position before us and we, therefore, find no merit therein.