2019 (7) TMI 611

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....ounsel for Revenue. Respondent Through: None. O R D E R 1.This is an appeal by the Revenue against an order dated 28th December, 2018 passed by the Income Tax Appellate Tribunal ('ITAT') in ITA No. 6574/Del./2014 for Assessment Year ('AY') 2010-11. 2. The question sought to be urged by the Revenue before this Court is whether the ITAT erred in upholding the deletion made by the Commiss....

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....ee before the CIT (A), a remand report was called from the AO. After the remand report was submitted, the comments of the Assessee were called for. After considering the explanation offered by the Assessee, the CIT (A) by the order dated 1st September, 2014, while partly allowing the appeal, deleted the above addition. This has been affirmed by the ITAT. 5. At the outset, a submission is made b....

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.... Suresh Kukreja 88,39,548.59 (iii) Deepak Bhatia 2,00,000.00 (iv) Nancy Bhatia 4,00,000.00     1,56,15,135.52 8. Of the above, the loans borrowed from Deepak Bhatia and Nancy Bhatia of Rs. 2 and 4 lacs respectively were old loans and, therefore, rightly not treated by the CIT (A) as income of the Assessee. 9. As regards the loans given by Jyoti Kukre....