2024 (9) TMI 1725

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....tanding Counsel and Mr. Vaibhav Gupta, Standing Counsel for the appellant ORDER SANJEEV PRAKASH SHARMA, J. ( Oral ) 1. Present appeal has been preferred against the order dated 27.02.2024, passed by the Income Tax Appellate Tribunal (for brevity, 'ITAT') passed in ITA No.232/CHD/2023, for the Assessment Year 2018-19. 2. Learned counsel for the appellant - revenue submits that the ITAT has ex....

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....oned in the ITAT order, which is quoted as under:- "12. So far as the issue relating to the issue of shares to the two companies namely M/s Takecare India Pvt. Ltd. And Videocon Realty infrastructure Ltd. Was concerned, the assessee explained that the AO had made adequate enquiries on this issue and various replies and details were furnished to the AO, considering which the AO has accepted the c....

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....g of EPS. 4) The comparison of the working of EPS with the immediately prior instance, wherein the shares were allotted. 5) The year wise details of dividend declared during the year and three earlier years." 6. Therefore, it is noted that the Assessing Officer had issued a questionnaire on 28.12.2020 and had also asked for documents, which were answered and furnished to the Assessing Offi....