2017 (9) TMI 2001

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....URESHI) 1. Revenue is in appeal against the judgment of the Income Tax Appellate Tribunal dated 21.11.2016 raising following questions for our consideration: "(A) Whether on the facts and in the circumstances of the case, the ITAT was right in law in dismissing the appeal of the revenue, without appreciating the fact that the depositor M/s RSA Marketing did not have the capacity of giving such....

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....Commissioner of Income Tax (Appeals) making following observations: "17. We have heard both the parties reiterating their respective stands. The assessee files before us a copy of this tribunal's order in IT(SS)A No.35/Ahd/2014 in its own case for assessment year 2006­07 upholding the CIT(A)'s order deleting identical Section 68 decision qua loans received from the above sister conce....