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2014 (6) TMI 322 - ITAT DELHIDenial of exemption u/s 10(38) of the Act – LTCG on sale of shares – Sale consideration treated as undisclosed sources – Held that:- It does not emerge as to what is the exact allegation to assess the income of the assessee - CIT(A) has raised list of objections against assessee but it has not been disputed that the objections were not communicated to assessee during hearing of first appeal – thus, the matter is required to be remitted back to the AO for fresh adjudication – Decided in favour of Assessee.
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