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PC. Commissioner of Income Tax-1 Versus Green Valley Plywood Limited

2016 (6) TMI 384 - DELHI HIGH COURT

Unexplained credit under Section 68 - ITAT delted the addition - Held that:- Revenue does not dispute that in the present case despite the Assessee furnishing confirmation from the investor companies, their acknowledgment returns, certificates of inc .....

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The Court is not willing to accept the submission of revenue to urge that in such event the matter should be remanded to the CIT (A) for a fresh consideration of the genuineness and creditworthiness of the creditor .....

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Dated:- 1-6-2016 - S. Muralidhar And Vibhu Bakhru, JJ. For the Appellant : Mr Zoheb Hossain, Senior Standing Counsel with Mr Deepak Anand, Advocate For the Respondent : Mr Pranjal Srivastava, Advocate ORDER CM 22376/2016 ( for condonation of delay of .....

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ns for condonation of delay in filing of the appeal is regarding the practice directions issued by the Court pertaining to filing of soft copies of the paperbooks in tax matters. Sufficient advance notice had been given to the litigants and Advocates .....

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he Advocates and the litigants is minimised. In any event, the delay of over a year on this ground is wholly unacceptable. The application is accordingly dismissed. ITA 358/2016 3. Nevertheless the appeal is also considered on merits. 4. This Appeal .....

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ther the ITAT was justified in upholding the order of the Commissioner of Income Tax (Appeals) in deleting the addition made by the Assessing Officer (AO) of ₹ 1,20,00,000/- to income disclosed in the return filed for AY in question on account .....

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gment returns, certificates of incorporation, confirmation of payment of share application money etc, the AO did not conduct any inquiry to verify the said documents. He only relied on the report of investigation which in turn was based entirely on t .....

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