2018 (2) TMI 1815

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..... Group, had led to survey in the premises of various other assessee including M/s Adamine Construction Pvt. Ltd., and in the end the additions made in that case too were deleted. The deletion – again concurrently by the lower appellate authorities was upheld by this Court recently in respect of the same assessee for an earlier assessment. Here too, the Court has considered the materials. What i .....

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..... o add ₹ 9,30,00,000/- as unexplained investment under Section 68 of the Income Tax Act, 1961 (hereafter referred to as the Act ). The amounts received were from 7 entities and the AO sought report from the Commissioner at Mumbai and Kolkata. The CIT(A) and the ITAT concurrently deleted the amounts brought to tax under Section 68 of the Act, holding that the relevant enquiry based upon the m .....

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