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2011 (4) TMI 1302 - HC - Income TaxExtract: ....... transactions for receiving or advancing the loan. We find that CIT A as well as Tribunal found on facts that the amounts received on sale of flats cannot be regarded to be transactions for receiving or advancing the loan, the same did not breach Section 269T of the Act. In the result, no substantial question of law arises. Tax Appeal is dismissed.
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