2024 (5) TMI 1517

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..... Tribunal considered the correctness of the factual finding recorded by the CIT(A) and reappreciated the materials brought on record including the factual explanation offered by the assessee and granted relief to the assessee. Thus, we find that not only first the appellate authority but also the Tribunal has examined the facts in depth and recorded the finding. No substantial question of law aris .....

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..... ct, 1961 of Rs. 7,96,16,343/- on account of unexplained credit in the form of share capital and share premium considering as cash credit without considering the fact that Section 68 of the Income Tax Act, 1961 clearly says "Where any sum is found credited in the books of an assessee maintained for any previous year" and there is no mention of cash credit in the section? (ii) Whether on the facts .....

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..... allenges the said order before the Tribunal. The Tribunal considered the correctness of the factual finding recorded by the CIT(A) and reappreciated the materials brought on record including the factual explanation offered by the assessee and granted relief to the assessee. Thus, we find that not only first the appellate authority but also the Tribunal has examined the facts in depth and recorded .....

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