TMI Blog2021 (5) TMI 286X X X X Extracts X X X X X X X X Extracts X X X X ..... pany and the relation of the assessee, if any with that of the promoters and role of inflating of prices, etc. - HELD THAT:- An identical issue has been considered by a Division Bench of this Court in the case of CIT Vs. Manish D.Jain [HUF] [ 2020 (12) TMI 740 - MADRAS HIGH COURT ] and held Not only the Assessing Officer, but also the CIT(A) examined the modus operandi of the assessee and held ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n I.T.A.No.3143/Chny/2018 on the file of the Income Tax Appellate Tribunal, Chennai 'D' Bench ('the Tribunal' for brevity) for the assessment year 2010-11. 2. The appeal was admitted on 24.7.2020 on the following substantial questions of law : i. Whether, on the facts and in the circumstances of the case, the Tribunal was right in remitting the issue back to the file of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to the Department ? 3. We have heard Mrs.R.Hemalatha, learned Senior Standing Counsel appearing for the appellant/Revenue. Though the respondent was served and their name printed in the cause list, none appears for them. 4. The learned Senior Standing Counsel appearing for the appellant/Revenue submits that an identical issue has been considered by a Division Bench of this Court, to which ..... X X X X Extracts X X X X X X X X Extracts X X X X
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