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2016 (8) TMI 1517 - AT - Income TaxBogus LTCG - A.O. following the information received from the DDIT (Inv,.) Unit VI(2), Delhi on the issue that the company had introduced share application money from the accommodation entry providers - CIT-A deleted the addition - HELD THAT:- No infirmity in this finding of the First Appellate Authority. AO has made the addition in question on the premise that, this amount of ₹ 35 lakhs was taken to accommodate book entries in the shape of share capital and whereas the actual fact is that these amounts were loans taken by the assessee company. Revenue’s appeal is dismissed.
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