2012 (9) TMI 1196

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....lant in this Tax Appeal, which has 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 Rs. 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 yea....

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.... held in paragraph Nos. 7 and 7.1 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 Rs. 1,34,82,475/- as under: Name of scrip Sales date Sales Value Purchase Date PurchaseValue STCG RAJ SYNTHETICS ....