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TMI Blog2024 (5) TMI 1518X X X X Extracts X X X X X X X X Extracts X X X X ..... actions - ITAT deleted addition - HELD THAT:- Tribunal has recorded a finding that the assessee has demonstrated successfully the nature of the sum received during the year and the source of the said sum being received from the share applicants and complete evidence has been submitted. AO has not pointed out any specific error in all the documents nor any discrepancies in the information provided ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 52/Kol/2020 for the Assessment Year 2012-13. The revenue has raised the following substantial question of law for consideration. (a) Whether on the facts and in the circumstances of the case the Learned Income Tax Appellate Tribunal was erred in law in deleting the addition of Rs. 13,56,00,000/- under Section 68 of the Income Tax Act, 1961 on account of share capital and premium in absence of i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t the Assessing Officer has not pointed out any specific error in all the documents nor any discrepancies in the information provided by the assessee. Furthermore, the Tribunal on facts found that the Assessing Officer has not paid any independent enquiry to verify the genuineness of the transaction in spite of the assessee having furnished all details and documents before the Assessing Officer. T ..... X X X X Extracts X X X X X X X X Extracts X X X X
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