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2008 (10) TMI 655

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....d:- 16-10-2008<br>INCOME TAX APPEAL NO.389 OF 2008 - -<br>Income Tax<br>D.K.DESHMUKH & J.P.DEVADHAR, JJ. Mr.R.B.Upadhyay, for Appellant. Mr.Dastoor, Sr.Advocate with Mr.A.K.Jasani, for Responden....

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.... the light of the material on record and has recorded the finding that it is not a sham and bogus transaction. One of the grounds considered for recording that finding is that when the other party is ....