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2023 (8) TMI 1022
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....Bansal , CA ORDER PER YOGESH KUMAR U.S., JM: This appeal by Revenue is filed against the order of Learned Commissioner of Income Tax (Appeals)-3, New Delhi ["Ld. CIT(A)", for short], dated 29/06/2018 for Assessment Year 2015-16. Grounds taken in this appeal are as under: "1. "Ld. Commissioner of Income Tax (Appeals) erred in law and on the facts of the case in deleting the additi....
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....g officer erred in making addition of Rs. 95273036/- on account of addition of share premium u/s 56(2)viib). 4. On the facts and circumstances of the case and in law, the assessment order passed by the assessing officer is arbitrary. 5. On the facts and circumstances of the case and in law, the various allegations made inferences drawn by the assessing officer are erroneous. ....
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....he assessing officer has wrongly considered the Net Asset Value of the share. 10. On the facts and circumstances of the case and in law, the assessing officer has wrongly calculated the Net Asset Value of the share. 11. On the facts and circumstances of the case and in law, the assessing officer erred in charging interest u/s 2348 of Income Tax Act, 1961. 12. 12. On the facts and....
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.... with the proposition of the Assessee's Representative and submitted that an opportunity may be given to the Department to approach the Tribunal if so, necessary. 5. We have heard both the parties and perused the material available on record. Considering the fact that the NCLT in IB-408 (ND-2022) vide order dated 09/06/2023 has declared moratorium consequently, as per Section 14 of the IBC ....