2018 (11) TMI 1176

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hall dispose of six appeals and two cross-objections. In all the cases common issue is involved and hence are being disposed of by a single order. 2. The details of appeals and cross-objections are tabulated below: Sr. No. ITA No. Before Tribunal Parties Name Assessment Year Order dated 1. 751/Chd/ 2014 Cross objection No.73- CII of 2017 Pr. Commissioner of Income Tax (Central), Ludhiana Versus M/s Silver Oaks Township Ltd. 2009-10 30.03.2016 2. 749/Chd/ 2014 Pr. Commissioner of Income Tax (Central), Ludhiana Versus M/s Silver Oaks Township Ltd. 2006-07 30.03.2016 3. 464/Chd/ 2014 Crossobjection u/s 260A(7) of the Act. Pr. Commissioner of Income Tax (Central), Ludhiana Versus M/s Silver Oaks Township Ltd. 2008-09 3....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... assessee could not prove the business exigency/exceptional circumstances for making the cash payments? (iii) Whether on the facts and in the circumstances of the case, the Hon'ble ITAT has erred in law in allowing the appeal of the assessee by relying on the judgdment of Hon'ble Punjab and Haryana High Court in the case of Gurdas Garg Vs. CIT in ITA No. 413 of 2014 whereas the Income Tax Department has filed a review application in that case?" 5. The assessee-company was a real estate developer. A search was conducted under Section 132 of the Act on 18.02.2011. In response to notice under Section 153A of the Act, the assessee filed return on 10.09.2012 declaring income of Rs. 38,47,940/-. During the course of proceedings, the ....