2012 (8) TMI 1189

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....DER 1. Whether the ITAT was justified in the eyes of law in upholding the deletion of the addition of ₹ 55,40, 38,959/- made by the AO u/s 68 of the Income Tax Act, 1961, on account of the unexplained cash credit, ignoring the material fact that the assessee had failed to substantiate the credit worthiness of the shareholders and the genuineness of the transactions 2. Whether the ITAT was ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....r non-deduction of TDS on payment to the non-residents of computerized reservation system 5. Whether the ITAT was correct in the eyes of law in upholding the deletion of the addition of ₹ 30,40,170/- made by the AO on account of disallowance of 50% of total expenditure incurred by the assessee in issuing the free tickets was a business expenditure, claimed as business expenditure, when the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....issible for want of genuineness to prove that the expenditure was incurred wholly and exclusively for the business purposes 8. Whether ITAT was correct in the eyes of law in upholding the deletion of addition of ₹ 21,60,000/- made by the AO, on account of disallowance of consultancy expenses, paid by the assessee to M/s Sahara India International Corporation Limited, invoking the provisions....