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TMI Blog2022 (4) TMI 1643X X X X Extracts X X X X X X X X Extracts X X X X ..... ld by the Assessee was in fact received as loans - HELD THAT:- It has been shown to the satisfaction of the ITAT that in the succeeding assessment year i.e. AY 2009-10 the shares against which the sale consideration was received by the Assessee was transferred to the payers of the amount. They had disclosed the transactions in their respective returns. The capital gain earned by the Assessee was o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nexplained cash credit. No substantial question of law arises for consideration from the impugned order of the ITAT. - THE CHIEF JUSTICE DR. S. MURALIDHAR And JUSTICE R. K. PATTANAIK For the Appellant : Mr. T. K. Satapathy , Senior Standing Counsel For the Respondent : None ORDER 1. This is an appeal by the Revenue against the order dated 19th April, 2018 passed by the Income Tax Appellate Tribu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to the payers of the amount. They had disclosed the transactions in their respective returns. The capital gain earned by the Assessee was offered to tax in the return of income filed for the AY 2009-10. 4. The Revenue was unable to dispute the fact that capital gains offered in the return of income filed by the Assessee was assessed for tax in the AY 2009-10. The search was conducted on 12th Dece ..... X X X X Extracts X X X X X X X X Extracts X X X X
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