2026 (1) TMI 1540

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.... ORDER PER VIMAL KUMAR, JUDICIAL MEMBER: The appeal filed by the Department of Revenue is against order dated 08.11.2019 of Learned Commissioner of Income Tax (Appeals)-7, Delhi (hereinafter referred to as "Ld. CIT(A)") under Section 250(6) of the Income Tax Act, 1961 (hereinafter referred to as "the Act") arising out of assessment order dated 28.12.2018 of the Learned Assessing Officer/Inc....

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....ddition of Rs. 14,25,48,000/- under Section 56(viib) of the Act. 3. Against order dated 28.12.2018 of Ld. AO, the assessee filed appeal before Ld. CIT(A) which was allowed vide order dated 08.11.2019. 4. Being aggrieved, the Appellant/Department of Revenue, preferred present appeal with following grounds: "1. Whether on the facts and circumstances of the case and in law, the Ld. CIT....

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....ssessee were returned unserved. 7. From examination of record in light of aforesaid rival contentions, it is crystal clear that the assessee company received shares premium of Rs. 14,28,00,000/- and share capital of Rs. 12,00,000/-. Copies of agreement were filed by the assessee. Ld. AO summoned the parties but they failed to appear. On basis of irregularities found, DCF method submitted by the....