2018 (7) TMI 2360

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....pondent : Mr. Salil Kapoor, Ms. Ananya Kapoor, Mr. Sumit Lalchandani & Ms. Soumya Singh, Advocates ORDER This is an appeal by the Revenue against an order dated 18th December, 2015 passed by the Income Tax Appellate Tribunal ('ITAT') in ITA No.4707/Del/2012 for the Assessment Year ('AY') 2009-10. 2. While admitting the appeal on 18th December, 2016, the following questions were framed: ....

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....r of Income Tax (Appeals) ['CIT(A)'] and ITAT. 4. The Court finds that the exercise for determining the identity, genuineness and creditworthiness of the investors of the share capital of the Assessee as well as lenders was undertaken in an elaborate manner by the CIT(A). Comments from the AO were sought. Detailed reasons have been given by the CIT(A) to come to the conclusion that the Assessee....