2012 (5) TMI 763

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....eir names, addresses, qualifications and nature of duties were furnished. The salaries were reasonable and commensurate with the qualifications and work done by each employee. They have referred to the length of service. The findings recorded by the CIT(A) and ITAT are the findings of fact. It is noticed that in the previous years, similar adhoc lump sum disallowances were made by the Assessing Officer, but were deleted in the appellate proceedings. One such order has been upheld by the High Court in ITA No. 1340/2009. In the said appeal the same question was raised but the appeal of the Revenue was dismissed vide order dated 16.12.2011. 3. The second issue raised by the Revenue relates to bogus share application money from three companies....

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....ainst the assessee on this issue.? 4. The CIT(A) dealt with the said question in depth and has referred to various documents and papers which were filed by the assessee. Evidence/material relied upon has been reproduced in the form of a chart, which is again for the sake of convenience is reproduced as under:- Sr. No. Name Address Amount Mode of Payment Evidences furnished by the appellant.  1.  M/s Carissa Investment Private Limited 6/40, Chittranjan Park, New Delhi-110019  4,45,000/- Cheque No. 538550 dated 16.04.2005 and Rs. 25,50,000/- vide cheque no. 504989, dated 26.05.2005 drawn on Centurion Bank, New Delhi 110060 1. Copy of acknowledgment of the ITR filed PAN AAACC-3277A in Ward3(1), New Delhi. 2. Copy o....