2013 (2) TMI 625

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.... been filed against the order dated 16.07.2010 passed by the Income Tax Appellate Tribunal, Delhi Bench, 'G' New Delhi in I.T.A. No. 65/Del/09 for the assessment year 1996-97. The following two substantial questions of law have been proposed in the memo of appeal :- 1. Whether in the facts and circumstances of the case, the Hon'ble ITAT was justified in law by holding that the assessee has d....

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....h Court in Commissioner of Income Tax v. Nova Promoters and Finlease (P) Ltd. (2012) 342 ITR 169 (Delhi), in support of the appeal and contends that the addition made by the Assessing Officer under Section 68 of the Income Tax Act was fully justified. In contra, learned counsel for the assessee has placed reliance upon Apex Court's decisions in the case of Commissioner of Income Tax v. Lovely E....