Tax Liability Clarified: Sale of Jointly Owned Shares Taxable to Shareholder, Not Assessee, with Minor Adjustments.

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....Gain on sale of shares - who is liable to be taxed - Joint ownership of shares - After making minor adjustments to the proportionate value of market shares, the AO has accepted the entire sale transaction in the hands of the shareholder - not taxable in the hands of assessee - AT....