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2022 (5) TMI 1545 - HC - Income TaxBogus LTCG - ITAT allowing exemption claimed by the assessee u/s 10(38) - Claim disallowed by the A.O. on the basis of evidence received from investigation wing treating sale of shares of M/s Sunrise Asian Ltd., as bogus and thereby considering the same as income from other sources? - HELD THAT:- On perusal of the order of learned ITAT and reasonings given therein this court is of the view that the substantial questions of law, formulated above does not arise as ITAT has logically dealt questions of fact and law involved by way of reasoned order. We are of the view that learned ITAT has passed the order on consideration of material and relevant facts, logical conclusion has been arrived at and the same must be allowed to rest. There is no gross violation of principles of natural justice or failure of justice, no error has crept in the order impugned of learned ITAT. The Coordinate Bench of this court in Shri Sanjay Chhabra [2022 (4) TMI 1418 - RAJASTHAN HIGH COURT] in the similar facts and circumstances has already taken a view that in the appeal at hand u/s 260A of the Act no substantial question of law arises.
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