2019 (6) TMI 151

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....L, J. 1. This appeal has been preferred by the revenue under Section 260A of the Income Tax Act, 1961 (in short "the Act") against the order dated 20.3.20187 (Annexure A-III) passed by the Income Tax Appellate Tribunal, Chandigarh Bench 'B', Chandigarh (hereinafter referred to as "the Tribunal") in ITA No. 1433/Chd/2017, for the assessment year 2013-14, claiming the following substantial....

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....crutiny under CASS. The Assessing Officer vide order dated 31.12.2015 (Annexure A-I) completed the assessment under Section 143(3) of the Act. The Assessing Officer had noticed that the assessee had made investments in various equity funds and shares of different companies and had taken huge loans and was investing indirectly from the said loan funds. The Assessing Officer rejected the claim of th....