2016 (1) TMI 1463

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....venue has filed this appeal against the judgement of the Income Tax Appellate Tribunal dated 14.5.2015 raising following questions for our consideration : "A) Whether on the facts and circumstances of the case and in law, the Hon'ble ITAT is right in quashing the assessment passed u/s. 143(3) r.w.s 147 of the Act, when the two conditions viz. reason to believe and recording of reasons....

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....ation was not granted ignoring the fact that the assessee has not asked for any cross examination during the course of assessment proceedings ? D) Whether on the facts and in the circumstances of the case and in law, the ITAT is justified in holding that the Assessing Officer made the addition of Rs. 21 lacs on the basis of bald statements of Shri Mukesh Chokshi and ignoring that Shri Muk....

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....any), genuineness (transactions through banking channel) and creditworthiness (IT returns and balance sheet with huge capital) ignoring the anomalies pointed out by CIT(Appeals) ? G) Whether on the facts and in the circumstances of the case and in law, the order of the Hon'ble ITAT is not perverse in holding that no inquiry was done by the Assessing Officer, in the face of the fact th....