9911796707
TMI Blog2017 (7) TMI 734X X X X Extracts X X X X X X X X Extracts X X X X ..... ss of the investment. In response to the query from the Court, Mr. Bhatia confirmed that the assessment order passed in the case of Mr. Suveer Arora under Section 143(3) of the Act was not re-opened by the Revenue by invoking Section 263 of the Act. In the circumstances, the mere fact that Mr. Suveer Arora was not produced by the Assessee before the AO for examination will not detract from the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... against an order dated 21st March, 2016 passed by the Income Tax Appellate Tribunal ( ITAT ) in ITA No. 494/DEL/2016 for the Assessment Year ( AY ) 2010-11. 3. While admitting the appeal on 20th December, 2016, this Court framed the following question of law:- Did the ITAT fall into error in regard to its interpretation of Section 68 of the Income Tax Act, 1961 so far as the sum of ₹ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) for A.Y. 2010-11. 5. The following two other documents were also considered by the CIT (A): g. Copy of letter dated 14th February 2013 during the assessment proceedings in the case of Mr. Suveer Arora in respect to issue of share capital to assessee. h. Affidavit of Mr. Suveer Arora. 6. It must be pointed out that the assessment of Mr. Suveer Arora for the same AY was complet ..... X X X X Extracts X X X X X X X X Extracts X X X X
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