2018 (4) TMI 403

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.... : None ORDER The Revenue's appeal under Section 260A of the Income Tax Act, 1961 (hereafter referred to as "the Act") questions the ITAT's order holding that the addition of Rs. 1,19,45,000/- under Section 68 of the Act was unjustified. The amounts were brought to tax under Section 68 in the course of the assessment proceedings since the assessee could not produce satisfactory material t....

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....ment, we find no scope to interfere into the findings returned by ld. CIT(A). Moreover, perusal of the assessment order also goes to prove that the AO has not even preferred to summon the parties to make compete enquiry so as to establish the creditworthiness of the creditors and genuineness of the transactions. In these circumstances, judgments cited as CIT-II vs. M/s Jansampark Advertising and M....