2012 (12) TMI 450

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....of the Income-tax Act, 1961, hereinafter referred to as "the Act", against the order dated 12.11.2010 passed by the Income Tax Appellate Tribunal, Delhi Bench, Delhi. The Commissioner of Income Tax, Ghaziabad has proposed the following three questions said to be substantial questions of law arising out of the order of the Tribunal. "I. Whether in the facts and circumstances of the case the Hon'....

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....." Briefly stated the facts giving rise to the present appeal are as follows:- The appeal relates to the Assessment Year 1999-2000. The assessee is a public limited company. During the assessment year in question, it had issued share capital in which a sum of Rs.1,43,32,219/- was invested by various persons towards share capital. The same was treated as unexplained investment under Section 6....