9911796707
TMI Blog2016 (8) TMI 911X X X X Extracts X X X X X X X X Extracts X X X X ..... y explain, to the satisfaction of the CIT(A), of the identity, genuineness and creditworthiness of the creditors. This is in respect of both the additions sought to be made by the AO under Section 68 of the Act, on account of alleged unexplained share application money as well as unsecured loans. The CIT(A) has also deleted the addition on the question of unexplained investment and returned a cate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... M No. 25172/2016 ( Exemption ) 1. Allowed subject to all just exceptions. ITA No. 387/2016 2. This is an appeal by the Revenue against the impugned order dated 27th January, 2016 passed by the Income Tax Appellate Tribunal ( Tribunal ), in ITA No. 2102/Del/2011 for the Assessment Year ( AY ) 2007-08. The Revenue seeks to urge the following four questions before the Court: (i) Whether ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... right in law in upholding the order of the CIT(A) who deleted the disallowance of ₹ 12,23,707/- made by the AO on account of purchase of plot. 3. It is noticed at the outset that during the proceedings before the Commissioner of Income Tax (Appeals) [ CIT(A) ], the Assessee produced documents which were examined in detail. It is only after discussing the entire material in the light of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4. The above factual findings have been concurred with by the ITAT in a very detailed order again discussing the material available on record. The Court has not been persuaded by the learned counsel for the Revenue to view the above concurrent findings to be suffering from any perversity requiring any substantial question of law to be framed, as urged by the Revenue. 5. The appeal is, according ..... X X X X Extracts X X X X X X X X Extracts X X X X
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