ITAT Deletes Rs 79 Lakh Additions in Woman's Share Sale Case
A woman bought 60,000 shares of a company between March 3 and 15, 2011, for Rs 13.52 lakh at Rs 22.55 per share. After receiving bonus shares in a 1:1 ratio, her holding increased to 1.2 lakh shares. She sold these shares between August 31 and December 24, 2012, for Rs 77.47 lakh. The Income Tax Appellate Tribunal (ITAT) deleted Rs 79 lakh additions related to this transaction.
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