2020 (2) TMI 273

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..... thiness of the investors, and genuineness of the transaction - HELD THAT:- The basic issue as framed in para 3.4 of the Judgment [ 2019 (3) TMI 323 - SUPREME COURT] was considered in the light of the facts on record. After noting the relevant decisions, the emerging principles were set out in para 11, in the light of which the facts were considered from para 12 onwards. Finally, the conclusions d .....

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..... The basic issue as framed in para 3.4 of the Judgment dated 05.03.2019 was considered in the light of the facts on record. After noting the relevant decisions, the emerging principles were set out in para 11, in the light of which the facts were considered from para 12 onwards. Finally, the conclusions drawn by the Assessing Officer were found to be correct and it was found that the lower Appella .....

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