Sale of share transaction couldn't be held as bogus if assessee was holding shares in D-mat form

IT: Where AO made addition to assessee's income under section 68 in respect of capital gain arising from sale of shares taking a view that said transaction was bogus, in view of fact that assessee purchased shares by issue of cheque and those shares were duly credited in his D-mat account and, moreover, sale consideration was also directly credited to assessee's bank account, share transaction in question could not be regarded as bogus and, thus, impugned addition was to be deleted

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