2022 (3) TMI 571

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....0396 of 2019) CIVIL APPEAL NO. OF 2022 (ARISING OUT OF SPECIAL LEAVE PETITION (CIVIL) NO.27852/2019) CIVIL APPEAL NO. OF 2022 (ARISING OUT OF SPECIAL LEAVE PETITION (CIVIL) NO.27853/2019) CIVIL APPEAL NO. OF 2022 (ARISING OUT OF SPECIAL LEAVE PETITION (CIVIL) NO.15664/2020) PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL) VERSUS M/s. MOTISONS ENTERTAINMENT INDIA PVT. LTD. , PRINCIPAL COMMISSIONER....

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....in Income Tax Appeal No.137 of 2018. 3. Insofar as Assessment Year 2012-13 was concerned, an order was passed by the Assessing Officer adding Rs. 7,78,00,000/- to the total income of the assessee which order was challenged before the Commissioner of Income Tax (Appeals) [for short "CIT (Appeals)"]. The CIT (Appeals) found that an amount of Rs. 6,36,50,000/- out of Rs. 7,78,00,000/- was properly....

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....g observations: "Counsel for the appellant has taken us to the order of AO, CIT(A) and tribunal and thereafter contended that both CIT(A) as well as Tribunal have erred in deleting the addition of Rs. 1.95 crore which was made u/s 56(1). However, the tribunal while considering the matter has discussed the law as well as factual matrix of the case. In our considered opinion, this is more a....