TMI Blog2013 (2) TMI 625X X X X Extracts X X X X X X X X Extracts X X X X ..... Securities Ltd. v. Commissioner of Income Tax, [2007 (5) TMI 552 - HIGH COURT OF ALLAHABAD] decided in favor of assessee. - Income Tax Appeal No. - 14 of 2011 - - - Dated:- 18-2-2013 - Prakash Krishna And Ram Surat Ram (Maurya),JJ. Petitioner Counsel :- Dhananjay Awasthi ORDER Present appeal has been filed against the order dated 16.07.2010 passed by the Income Tax Appellate Tr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , their identity, capacity and creditworthiness was not established by the assessee. Heard Sri Dhananjay Awasthi, learned counsel for the appellant and Sri Praveen Kumar, learned counsel for the assessee. Sri Dhananjay Awasthi, learned counsel for the appellant has placed reliance upon a judgment of Delhi High Court in Commissioner of Income Tax v. Nova Promoters and Finlease (P) Ltd. (2012) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing the Special Leave Petition. While deciding the Special Leave Petition, it may not have amounted to confirmation of the reasoning given by the Delhi High Court but as the Apex Court has decided the Civil Appeal expressing in agreement with the reasoning given by the Delhi High Court, it would amount to confirmation of the principles laid down by the Delhi High Court." and disagreed with the Del ..... X X X X Extracts X X X X X X X X Extracts X X X X
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