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2016 (1) TMI 1446 - MADHYA PRADESH HIGH COURTUnexplained cash credit - Assessment year - HELD THAT:- The view taken by the Appellate Authority and the Tribunal is in consonance with the settled legal position that credits introduced in Assessment Year 2008-09 cannot be taxed in subsequent Assessment Year. Counsel for the respondent has also relied on the decision in the case of CIT vs. Lakshman Swaroop Gupta & Bros. [1972 (11) TMI 20 - RAJASTHAN HIGH COURT]. This being the settled legal position, we reject this appeal, which raises that issue as substantial question of law.
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