Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2007 (10) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2007 (10) TMI 642 - HC - Income TaxAdditions on Unexplained Share application Money - Loss declared - financing and trading in shares - HELD THAT:- We find that the findings of the CIT(A) as extracted hereinabove are sufficient to show that the additions made by the Assessing Officer were not justified. The reasoning and conclusions arrived at concurrently by the CIT(A) and the Tribunal suffer from no perversity and are consistent with the law as explained by this Court in CIT v. Divine Leasing & Finance Ltd.[2006 (11) TMI 121 - DELHI HIGH COURT]. We are of the view that no substantial question of law arises in these appeals. Accordingly, these appeals are dismissed.
|