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2024 (11) TMI 537

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..... ideration of shares held by the Assessee was in fact received as loans - as decided by HC [ 2022 (4) TMI 1643 - ORISSA HIGH COURT] once it is found that the Assessee had duly disclosed the receipt of capital gains in the regular books of account and offered capital gains to tax which had also been accepted by the Revenue, there was no occasion to make addition on the basis of unexplained cash cred .....

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