2008 (12) TMI 22 - DELHI HIGH COURT

Whether the ITAT was justified in law in remanding the case to AO when the matter has been examined on merits by CIT(A) – since, Commissioner of Income Tax (A) has examined the question of identity, credit worthiness and genuineness of each of the share holders, Tribunal was not justified in coming to the conclusion that the CIT(A) had not considered the matter in the right perspective – question is decided in favour of the assessee and set aside the order passed by the Tribunal.