TaxTMI 
TaxTMI 
2017 (11) TMI 463
X X X X Extracts X X X X
X X X X Extracts X X X X
....is appeal, the appellant has challenged the judgment and order of the Tribunal whereby the Tribunal has dismissed the appeal of the department. 2. This court while admitting the appeal on 14.12.2016 framed the following question of law:- " 1. Whether in the Tribunal is justified in law and on facts in deleting the addition of Rs. 2.16 crore made u/s 68, ignoring that the assessee company had fa....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... as per Assessing Officer in 9 cases, notices were returned back but it was not informed to the assessee about the conclusion of the enquiry by the ADIT, Kolkata or Assessing Officer of the assessee. The ld Assessing Officer heavily relied on the Inspector's report in confirming the addition but result of the enquiry of the Inspector has not been communicated to the assessee, which is against the ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....The ld Assessing Officer herself had accepted the remaining cash creditors to the tune of Rs. 3.95 crores explained on the basis of similar evidences produced by the assessee as genuine. The loan/share capitals were received from the private limited companies. They also are filing return under the company's law and all information is available on MCA website. The ADIT report was not conclusive to ....