2010 (5) TMI 884

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..... relating to the assessment year 2002-2003. An assessment order was passed by the Assessing Officer in the proceedings under Section 147 of the Income Tax Act, 1961. The Assessing Officer had, inter alia, made an addition of ₹ 11 lakhs on account of alleged share application money received by the assessee company. The amount of ₹ 11 lakhs was received from three parties, namely, M/s Ch .....

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..... CIT vs. Lovely Exports Pvt. Ltd: 216 CTR 195 and thereafter deleted the said addition. In doing so, it upheld the order passed by the Commissioner of Income-tax (Appeals). No infirmity in the said decision has been pointed out by the learned counsel for the appellant. Consequently, we find that no substantial question of law arises for the consideration of this court. The appeal is dismisse .....

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