ACIT, NEW DELHI vs. IMTIYAZ AHMAD ANSARI, NEW DELHI
Before: SHRI CHALLA NAGENDRA PRASAD, AND
PER NAVEEN CHANDRA, AM :- This appeal by the assessee is directed against the order of the ld. CIT(A), New Delhi dated 19.02.2024 for A.Y 2013-14. CO No. 106/DEL/2024 Imtiyaz Ahmed Ansari
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Grounds raised by the Revenue read as under: “1. Whether on the facts and circumstances of the case, the Ld. CIT(A) has erred in deleting the addition of Rs.5,25,71,419/- made by the AO on account of section 68 of the Act by ignoring the fact that identify, genuineness and creditworthiness of M/s R.K.G. Finvest Ltd. remained unverified. 2. Whether on the facts & circumstances of the case, the Ld. CIT(A) has erred in deleting the addition of Rs.4,18,98,128/- made as per section 50C of the Act after physical enquiry of the land, several statements of the persons staying nearby the land were taken in the presence of representative of the assessee and after considering the circle rate of aforesaid land provided by Sub-