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TMI Blog2024 (9) TMI 1725X X X X Extracts X X X X X X X X Extracts X X X X ..... and Mr. Vaibhav Gupta, Standing Counsel for the appellant ORDER SANJEEV PRAKASH SHARMA, J. ( Oral ) 1. Present appeal has been preferred against the order dated 27.02.2024, passed by the Income Tax Appellate Tribunal (for brevity, 'ITAT') passed in ITA No.232/CHD/2023, for the Assessment Year 2018-19. 2. Learned counsel for the appellant - revenue submits that the ITAT has examined the case ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... order, which is quoted as under:- "12. So far as the issue relating to the issue of shares to the two companies namely M/s Takecare India Pvt. Ltd. And Videocon Realty infrastructure Ltd. Was concerned, the assessee explained that the AO had made adequate enquiries on this issue and various replies and details were furnished to the AO, considering which the AO has accepted the claim of the asse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The comparison of the working of EPS with the immediately prior instance, wherein the shares were allotted. 5) The year wise details of dividend declared during the year and three earlier years." 6. Therefore, it is noted that the Assessing Officer had issued a questionnaire on 28.12.2020 and had also asked for documents, which were answered and furnished to the Assessing Officer by the asses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r, therefore, passed by the PCIT is not sustainable in the eyes of law and the same has been quashed by the ITAT, which does not warrant any interference by this Court in appeal. 7. In view thereof, we do not find any substantial question of law has arisen in this appeal for consideration, as the factual aspects have completely and thoroughly been examined by the ITAT. Appeal stands dismissed ac ..... X X X X Extracts X X X X X X X X Extracts X X X X
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