2017 (5) TMI 785

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....Counsel For the Respondent : Mr. S. Krishnan, Advocate ORDER CM Nos. 33416-33417/2016 For the reasons stated therein, the applications are allowed. Delay of 10 days in filing and 15 days in re-filing the appeal is condoned. ITA No.675/2016 1.This appeal by the Revenue under Section 260A of the Income Tax Act, 1961 ('the Act') is directed against the order dated 2nd February, 2016....

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....ies to beneficiaries through several conduit companies and obtaining of commission/brokerage was examined. The said disclosure was made by Mr Gupta consequent upon a survey operation under Section 133 A of the Act. One such 'conduit company' was the Assessee in the above case i.e. Vijay Conductors Pvt. Ltd. The Court held that the conduit companies were not the beneficiaries of such accomm....

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....he 'conduit companies' Rapid Packaging Ltd. The ITAT by the said order remanded the matter to the Assessing Officer (AO) to verify the disclosure made in the case of Mr S K Gupta before the ITSC and whether the cash deposited in the case was covered by such disclosure. 6. In the case on hand, the ITAT has by the impugned order dated 2nd February 2016 followed its earlier decision dated ....