2017 (7) TMI 1376

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....D.R. ORDER Per D.T. GARASIA, Judicial Member: The present appeal has been preferred by the Revenue against the order dated 29.05.2015 of the Commissioner of Income Tax (Appeals) [hereinafter referred to as the CIT(A)] relevant to assessment year 2012-13. 2. The short facts of the case are as under: The assessee is a company engaged in business of acquisition by purchase, leasing or ....

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....as issued notice under section 133(6) of the Act to lender who did not respond to the notice. Therefore, AO has made the addition. 3. The matter carried to the Ld. CIT(A) and the Ld. CIT(A) has allowed the appeal of the assessee. 4. During the course of hearing, the Ld. D.R. submitted that the Ld. CIT(A) has allowed the appeal without verifying the creditworthiness, genuineness of the transa....