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Section 68 of Income Tax Act Not Applicable to Share Acquisitions via Barter System.

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....Addition u/s 68 - acquiring shares of certain companies from certain shareholders without paying any cash consideration - provisions of section 68 of the Act does not apply to cases of purchase of shares and allotment of shares when the purchase and allotment are under a barter system. - AT....

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Section 68 of Income Tax Act Not Applicable to Share Acquisitions via Barter System.