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    <description>The High Court of Calcutta condoned the delay in filing the appeal (GA No.2589 of 2008) due to satisfactory grounds presented. Assessment proceedings under the Income Tax Act, involving search and seizure operations, were conducted. The Tribunal found the share transactions genuine, supported by documentary evidence, and dismissed the appeal (ITA No.620 of 2008) as no substantial question of law was identified.</description>
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