TMI Blog2017 (6) TMI 406X X X X Extracts X X X X X X X X Extracts X X X X ..... ies showed that the shares were in fact transferred to WDPL and not to any of the individual Assessees is perverse. The Court, therefore, declines to frame any substantial question of law on this issue. Unaccounted receipt from contractors - Held that:- In the statement recorded under Section 132(4) Assessee pointed out that this was not an amount paid to him in his individual capacity but the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... alidhar And Chander Shekhar, JJ. For the Appellant : Mr Sanjay Kumar, Advocate For the Respondent : Through: Mr P.C. Yadav, Advocate ORDER CM 16884/2017 (exemption) in ITA 349/2017 CM 16886/2017 (exemption) in ITA 350/2017 CM 16888/2017 (exemption) in ITA 352/2017 CM 16891/2017 (exemption) in ITA 353/2017 1. Allowed, subject to all just exceptions. ITA 349/2017, I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re. The Revenue based its case on two sets of documents. The second set of documents showed that the shares were in fact purchased by M/s Windsor Durobuild Pvt. Ltd ( WDPL ). However these documents were not examined either by the AO or the Commissioner, Income Tax (Appeals) [CIT (A)]. 5. The ITAT has in the impugned order categorically held that the shareholders register maintained by ICPL as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ipuria. 8. The CIT(A) reversed the findings of the AO on this aspect. In the statement recorded under Section 132(4) of the Act the Assessee pointed out that this was not an amount paid to him in his individual capacity but the company of which he was Director and which is a separately assessed. The CIT (A) held that was no document had been placed on record by the AO to show that the said sum ..... X X X X Extracts X X X X X X X X Extracts X X X X
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