2012 (9) TMI 1196

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.... been filed on the following proposed substantial question of law: "Whether the Appellate Tribunal is right in law and on facts in deleting the addition made by Assessing Officer in respect of capital gain of ₹ 1,38,21,924/- as unexplained cash credit under section 68 of the I.T. Act?" 2. The assessee filed his return of income for the assessment year 2006-07 on 31.01.2007. The Assessing ....

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.... as under: "7. After hearing the ld. D.R., we have carefully gone through the orders of the authorities below. It is pertinent to note that in the return of income, the assessee has declared the short-term capital gain of ₹ 1,34,82,475/- as under: Name of scrip Sales date Sales Value Purchase Date PurchaseValue STCG RAJ SYNTHETICS 25.07.05 86,36,059 04.10.04 184,954 84,51,105 ....