2012 (1) TMI 395

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..... a) Whether on the facts and in the circumstances of the case, the Tribunal was right in law as well as on facts of the case in affirming the deletion of addition made by A.O. of ₹ 2,18,24,010/ u/s. 68 of the Income Tax Act, 1961 on account of sale of shares of Talent Infoway Ltd. (b) Whether on the facts and in the circumstances of thecase, the ITAT erred, in law as well as on facts, i .....

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..... Since the decision of the ITAT is based on the concession made by the Counsel for the Revenue before the ITAT, question (a) cannot be entertained. The Revenue may adopt any other remedy available in law. 4. As regards question (b) is concerned, the Tribunal in paragraph 6.4 of its order has recorded the reasons on the basis of which the ITAT has arrived at a conclusion that the gifts in questio .....

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