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Pr. CIT -3 Versus DKB Infrastructure Pvt. Ltd.

2016 (8) TMI 109 - DELHI HIGH COURT

Addition unexplained credit under Section 68 - copy of the report not furnished to the Assessee - CIT-A deleted the addition confirmd by ITAT - Held that:- As noted the settled legal position that "it is mandatory for the AO to confront the assessee .....

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ment etc. will be rendered on unreliable and additions made on the basis of such material/statement etc. shall be rendered illegal." The CIT (A) concluded that the Assessee had discharged the onus of proving the identity, genuineness and creditworthi .....

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is Court does not find any substantial question of law arising for determination. - Decided against revenue - ITA 458/2016 - Dated:- 27-7-2016 - S. Muralidhar And Najmi Waziri, JJ. For the Appellant : Mr. P. Roy Chaudhuri, Senior standing counsel ORD .....

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6 passed by the Income Tax Appellate Tribunal ( ITAT ) in ITA No. 1722/Del/2011 for the Assessment Year ( AY ) 2007-08. 3. The short question that is sought to be urged by the Revenue in this appeal is whether the ITAT was correct in upholding the or .....

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seen that initially the AO, in his remand report, admitted that identity, creditworthiness and genuineness of 19 of 23 shareholders were proved by documents submitted by the Assessee, i.e., details of PAN card, share application form, balance sheet .....

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hough in respect of the said four parties, the Assessee had submitted similar documents and in addition the said four parties had filed confirmation letters along with their bank statements, they did not appear in response to the summons issued to th .....

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