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Pr. Commissioner of Income Tax-1 Versus A.I. Developers Pvt. Ltd.

2016 (8) TMI 911 - DELHI HIGH COURT

Addition u/s 68 - Held that:- Assessee produced documents which were examined in detail. It is only after discussing the entire material in the light of the remand report of the Assessing Officer the CIT(A) has come to a definite conclusion that the .....

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n account of alleged unexplained share application money as well as unsecured loans. The CIT(A) has also deleted the addition on the question of unexplained investment and returned a categorical finding that these investments have been sufficiently e .....

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etailed order again discussing the material available on record. The Court has not been persuaded by the learned counsel for the Revenue to view the above concurrent findings to be suffering from any perversity requiring any substantial question of l .....

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owed subject to all just exceptions. ITA No. 387/2016 2. This is an appeal by the Revenue against the impugned order dated 27th January, 2016 passed by the Income Tax Appellate Tribunal ( Tribunal ), in ITA No. 2102/Del/2011 for the Assessment Year ( .....

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under section 68 of the IT Act made by the AO on account of unexplained share application money. (ii) Whether in the facts and circumstances of the case, the ITAT was right in law in upholding the order of CIT(A) who decided the addition of ₹ .....

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on account of unexplained investment u/s 69 made by the AO. (iv) Whether in the facts and circumstances of the case, the ITAT was right in law in upholding the order of the CIT(A) who deleted the disallowance of ₹ 12,23,707/- made by the AO on .....

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material in the light of the remand report of the Assessing Officer ( AO ) the CIT(A) has come to a definite conclusion that the Assessee has been able to sufficiently explain, to the satisfaction of the CIT(A), of the identity, genuineness and cred .....

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