2017 (3) TMI 1829

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.... has challenged the judgment and order of the Tribunal whereby Tribunal has dismissed the appeal preferred by the department. 2. Counsel for the appellant has framed the following substantial question of law:- "Whether on the facts and circumstances of the case and in law, the Hon'ble ITAT is justified in upholding the decision of CIT(A) of deleting the addition of Rs. 80,00,000/- made....

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....pany was taking commissions @ 3 paisa per Rs. 1,000/from it. It was mentioned that since it was a big account the appellant company did some personal trading from this account. In response to question no. 42 it was mentioned that these kind of transactions were not done in earlier year but only during this assessment year and these transactions resulted in a Net Profit of Rs. 80,00,000/-. This amo....

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.... SandeepStock Pvt. Ltd. were verified subsequently by the AO as per her remand report wherein she has observed that all the transactions in M/s Sandeep Stock Pvt. Ltd. were verifiable and corresponded with its ledger a/c maintained in the books of the appellant company. 6. M/s Sandeep Stock Pvt. Ltd. is an independententity and as assessee who has reflected the income from these transacti....