2017 (7) TMI 1376

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....al 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 otherwise, to carry out agriculture and allied ....

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....t 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 transaction and identity of the creditor, therefore, matt....