2020 (2) TMI 1288

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.... Mr. Shailender Singh, Advocate. Respondent Through: None. O R D E R C.M. No. 6459/2020 (exemption) 1. Exemption allowed, subject to all just exceptions. 2. The application stands disposed of. ITA 108/2020 & C.M. No. 6460/2020 3. There is a delay of 142 days in filing the appeal. We have heard learned senior standing counsel for the Revenue on merits. Since we are not inclined....

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.... the said amount of Rs. 14.5 crores, received as loan from M/s Epic Developers Pvt. Ltd. on the premise that the credit worthiness of the creditor M/s Epic Developers Pvt. Ltd. has not been established. Since, it had filed return of income as 'Nil,' and no business had been transacted by the said entity, it was held by the AO that the genuineness of the transaction had not been proved. The CIT (A)....

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....lars 1 Benda Amtek ltd. 11,85,00,000 AABCB4094M 2 Amtek Auto Ltd. 5,50,00,000 AAFFA6185K From the perusal of the details of bank account and assessment particulars of both Benda Amtek Ltd. and Amtek Auto Ltd., it is found that Epic Developers Pvt. Ltd. is one of the group entities of Amtek Ltd. and in the year under consideration Benda Amtek Ltd. have a returned income o....