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2018 (4) TMI 401 - HC - Income TaxAssessment u/s 153A - capital gain addition - Held that:- This Court was of the opinion that the decision in Commissioner of Income Tax v. Kabul Chawla [2015 (9) TMI 80 - DELHI HIGH COURT] concludes the issue as no incriminating material relating to the assessee was found. This Court further holds that the analysis of the ITAT in the circumstances, appears to be correct firstly for the reason that the previous assessments had adverted to the genuineness of the transactions vis-a-vis Nageshwar Investments in the course of a scrutiny assessment and that too when the assessee had suffered the additions. Secondly, the Appellate Commissioner and ITAT had granted relief against which the Revenue appealed to the High Court under Section 260A of the Act and that was rejected, in 2011 - Decided in favour of assessee.
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