2017 (6) TMI 406

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...., Advocate For the Respondent : Through: Mr P.C. Yadav, Advocate ORDER CM 16884/2017 (exemption) in ITA 349/2017 CM 16886/2017 (exemption) in ITA 350/2017 CM 16888/2017 (exemption) in ITA 352/2017 CM 16891/2017 (exemption) in ITA 353/2017 1. Allowed, subject to all just exceptions. ITA 349/2017, ITA 350/2017, ITA 351/2017, ITA 352/2017, ITA 353/2017 2. There is one commo....

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....ts showed that the shares were in fact purchased by M/s Windsor Durobuild Pvt. Ltd ('WDPL'). However these documents were not examined either by the AO or the Commissioner, Income Tax (Appeals) [CIT (A)]. 5. The ITAT has in the impugned order categorically held that the shareholders register maintained by ICPL as well as the returns filed by it with the Registrar of Companies showed that the sh....

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....recorded under Section 132(4) of the Act the Assessee pointed out that this was not an amount paid to him in his individual capacity but the company of which he was Director and which is a separately assessed. The CIT (A) held that was no document had been placed on record by the AO to show that the said sum was in fact received by the Assessee. This factual finding has been affirmed by the ITAT. ....