2020 (6) TMI 33

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..... J. (Oral) This appeal has been filed under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal, Amritsar Bench, Amritsar in ITA No. 665/Asr/2017 dated 18.3.2019, claiming the following substantial questions of law :- "i. Whether on the facts and circumstances of the case the ITAT has erred in directing the registration to be accorded instead of revert .....

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..... alances, generation of huge surpluses in the past and non-furnishing of bank statements, which are essential elements to verify the genuineness of the activity of the applicant? iii. Whether on the facts and circumstances of the case the Hon'ble ITAT is right in holding that the CIT (E)'s observation based on surmise, and apprehend for future misuse of funds whereas the CIT (E) has drawe .....

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