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2021 (7) TMI 871 - AT - Income TaxAddition as speculative income - value shown in the contract note for sale was different than the value shown in Form 10DB in respect of transactions of shares of Ceat Limited" - value of sale of equity shares of Ceat Limited - AO considered the sale consideration of equity shares as per the computation for calculating Securities Transaction Tax - assessee's contention that the actual sale consideration has to be taken and not the value considered for computing STT, was rejected - HELD THAT:- Conclusion arrived by the learned AO that the assessee suppressed the value of sales by comparing two figures is erroneous. Further there is no difference in the turnover of Ceat Limited between the books and the contract notes. It is only for the purpose of calculation of Securities Transaction Tax (Form 10DB) based on VWAP (Volume Weighted Average Price), two different values of Sales are appearing in the Contract Note - Decided in favour of assessee.
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