2013 (3) TMI 11

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..... towards the share capital of a company limited by shares whether it is private or public relying on case of CIT v. Steller Investment Ltd. [1991 (4) TMI 100 - DELHI HIGH COURT] upheld by the Apex Court in the case of CIT v. Steller Investment Ltd. [2000 (7) TMI 76 - SUPREME COURT] - in favour of assessee. - Income Tax Appeal No. - 282 of 2009 - - - Dated:- 19-2-2013 - Prakash Krishna And Ram .....

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..... eating the amount of Rs.1,30,50,000/- as share application money despite the report of ADIT (Inv), Kolkata stating that the parties who had given such huge amounts of money to the assessee are only Jama Kharchi Companies ?" 3. "Whether on the facts and in the circumstances of the case, the Tribunal is justified in law in not giving any finding despite it being the last fact finding authority on .....

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..... 195. Sri Dhananjay Awasthi, learned counsel for the appellant has placed reliance upon a judgment of Delhi High Court in Commissioner of Income Tax v. Nova Promoters and Finlease (P) Ltd. (2012) 342 ITR 169 (Del.) and submits that it has distinguished the decision of the Apex Court where the matter was investigated by the Income Tax Authority and after investigation, it was found in the guise of .....

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