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Court Clears Assessee of Wrongdoing in Alleged Bogus LTCG Case; Section 68 Assessment Based on Perceptions, Not Facts.

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....Addition u/s 68 - Bogus LTCG - It is a classic case of assessment framed on impressions and perceptions rather than on glaring facts. - The overwhelming factor of extra-ordinary period of holding of shares prior to sale transcends all other considerations and exonerates the Assessee from any kind of impropriety. - AT....

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