TMI Blog2011 (6) TMI 727X X X X Extracts X X X X X X X X Extracts X X X X ..... ax Act, 1961( the Act for short) against order of ITAT dated 8.9.2009. Revenue has proposed following question of law for our consideration : Whether, on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal is right in law in confirming the order of the Appellate Commissioner deleting the addition of ₹ 15,00,000/made by the Assessing Officer on account of un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s added by the Assessing Officer and disallowance to the tune of ₹ 15,00,000/had been made. Assessee challenged the same before CIT(Appeals). CIT(Appeals) discussed the issue at length on the basis of factual matrix presented to it. CIT(Appeals) came to the conclusion that in case of four parties named in the order, all of whom were having PANs, had reflected share application money in their ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... present appeal also there is nothing to differ from reasonings given by both the authorities below. Nothing has been pointed out to this Court controverting the reasonings set out by the tribunal and we are of the opinion that when issue is largely decided on basis of facts which are based on evidence produced, no substantial question of law arises for our determination. Tax Appeal is therefore, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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