2017 (11) TMI 899

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.... 5 appeals preferred by the revenue against the order of Ld. CIT(A) dated 28.06.2016 for AYs. 2007-08 to 2011-12. The sole issue in these five appeals is identical with variance in figures which is extracted below for ready reference: AY: 2007-08 "Substantial point of law is not involved in this case but the overall tax effect is Rs. 49,78,621/- which is above the threshold limit specified in....

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....de 21/2015 dated 10.12.2015. Hence, further appeal in this case is suggested. " AY: 2011-12 "Substantial point of law is not involved in this case but the overall tax effect is Rs. 55,26,750/- which is above the threshold limit specified in the circular vide 21/2015 dated 10.12.2015. Hence, further appeal in this case is suggested. " 2. At the outset itself, the Ld. Counsel for the assesse....

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....al preferred by the revenue. On merits, the Ld. Counsel for the assessee has brought to our notice that the Ld. CIT(A) called for the remand report wherein the AO in the remand report has accepted after due verification the existence and creditworthiness of the companies which has advanced amounts to the assessee. He relied on the remand report given by the AO and submitted that on merits the AO h....