2017 (9) TMI 1293

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.... For the Respondent : Mr. Ved Jain, Mr.Pranjal Srivastava, Advocates ORDER 1. The Revenue is in appeal against an order dated 30th September, 2015 passed by the Income Tax Appellate Tribunal ('ITAT') in ITA Nos. 3166/DEL/2009 & 3203/DEL/2009 for the Assessment Year ('AY') 2000- 01. 2. The issue urged by the Revenue is whether the ITAT was justified in deleting the additions of Rs. 16,34,....

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....Despite the AO being aware of the above development, he did not himself undertake any inquiry into the question whether the purchases and sales were made from and to bogus entities. 4. The CIT (A) had in the appeal by the Assessee restricted the additions to peak credits and this led both the Revenue and the Assessee to also file an appeal before the ITAT. The ITAT in the impugned order common ....