9911796707
Advanced Search 
TMI Blog2010 (2) TMI 1049X X X X Extracts X X X X X X X X Extracts X X X X ..... ose of ITA Nos. 67 and 75 of 2010 as common questions of law and fact are involved. However, facts are being referred from ITA No. 67 of 2010. 2. The revenue has approached this Court by filing the instant appeal under section 260A of the Income-tax Act (for brevity 'the Act') challenging order dated 8-4-2009, passed by the Income-tax Appellate Tribunal, Delhi Bench 'G', Delhi (for brevity, 'the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lays open the action of the Tribunal to correction by a higher authority in the light of the ratio of the judgment of Bombay High Court in Brabhavati S. Shah v. CIT [1998] 231 ITR 277? (iii)Whether the Tribunal's decision in respect of addition of Rs. 17,00,000 on account of supposed gifts was justified in view of the fact that creditworthiness for making gifts was not proved and in the light of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of the present assessee. Against the aforesaid order passed by the Tribunal, the revenue has approached this Court by filing CIT v. Chandni Bhuchar [IT Appeal No. 653 of 2009], which was dismissed on 7-1-2010, holding that the value adopted or assessed by any authority of the State Government for the purpose of payment of stamp duty in respect of land or building at the time of execution of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Bhuchar and M/s. S.R. Ashok & Associates, wherein it was proved that a sum of Rs. 17,00,000 was drawn by donor through two cheques from M/s. S.R. Ashok and Associates, which were encashed from the bank account of the firm on 23-5-2003 and the capital account of the co-assessee in the said firm was debited after receiving the cheque from the firm by the donors, the donors issued a cheque amounting ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
