TMI Blog2009 (9) TMI 946X X X X Extracts X X X X X X X X Extracts X X X X ..... r the Appellant: Sanjeev Sabharwal For the Respondent: Dr. Rakesh Gupta, Ms. Aarti Saini and Ms. Mahima Aggarwal ORDER 1. The respondent-assessee had borrowed funds of ₹ 3,69,97, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Commissioner of Income Tax (Appeal) holding that the shares in a company were purchased by the assessee out of its own funds and borrowed funds were not utilized for that purpose. This finding was c ..... X X X X Extracts X X X X X X X X Extracts X X X X
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