2019 (8) TMI 1753

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..... sting limit of ₹ 20 lacs to ₹ 50 lacs. Since, the tax effect in the present appeal is less than ₹ 50 lacs, this appeal is not maintainable. Hence, we dismiss the appeal filed by the Revenue as not maintainable/withdrawn. In the result, appeal filed by the revenue for assessment year 2008-2009 is dismissed. - ITA No. 2945/MUM/2018 - - - Dated:- 27-8-2019 - SHRI M. BALAGANESH A .....

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..... 1,00,00,000/- made by the Assessing Officer u/s 68 of the IT Act, 1961, as bogus loan arranged through a proven shell company controlled and operated by an entry provider by accepting superficial submission of the assessee and without going in to creditworthiness of the Lender and genuineness of transaction? 3. This case was fixed for today for final hearing. However, when the case was called .....

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