TMI Blog2012 (11) TMI 1262X X X X Extracts X X X X X X X X Extracts X X X X ..... nt. 2. Heard on the question of admission. 3. This order shall also govern the disposal of Income Tax Appeals Nos. 94 to 100 of 2012, as according to the learned Senior Counsel for the appellant, the facts and the question of law involved in all the appeals are identical. 4. For the sake of convenience, facts are taken from ITA No. 93/2012. 5. Briefly stated, the respondent - assessee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ection 40-A (3) of the Income-tax Act, 1961 by accepting the submission of the assessee that the AO did not bother to consider that the land was purchased through the open auction conducted by the High Court of Bombay and the amount was paid by M/s. Zoom Developers Private Limited on it's behalf and the AO did not bother to go through the confirmation submitted by M/s. Zoom Developers Private ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the CIT (Appeal). The Tribunal found that during the course of appellate proceedings, the CIT (Appeal), after calling the AO, perused the copy of account of the assessee - company and in the books of account of M/s. Zoom Developers Private Limited reflecting payment of the entire amount of ₹ 3.5 crores through their accounts maintained in Allahabad Bank, United Bank of India and Punjab Nati ..... X X X X Extracts X X X X X X X X Extracts X X X X
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