INCOME TAX OFFICER 12(1)(1), MUMBAI vs. KRISHA SHARE AND STOCK BROKERS LLP, MUMBAI
Income Tax Appellate Tribunal, MUMBAI BENCH “E”, MUMBAI
Before: SHRI AMARJIT SINGH & SHRI ANIKESH BANERJEEIncome Tax Officer 12(1)(1) Room No.129, 1stFloor, Aayakar Bhavan, M.K. Road, Mumbai- 400 020
PER ANIKESH BANERJEE, JM:
Instant appeal of the revenue was filed against the order of the National
Faceless Appeal Centre (NFAC), Delhi *for brevity, ‘Ld.CIT(A)’) passed under section 250 of the Income-tax Act, 1961 (for brevity, ‘the Act’), date of order
17/01/2024 for A.Y. 2018-19. The impugned order was emanated from the order of the National e-Assessment Centre, Delhi (for brevity the “Ld.AO”), passed under section 143(3) read with section 144B of the Act, date of order 13/05/2021. 2. The revenue has taken the following grounds:
(i)
Whether on the facts and circumstances of the case and in law the id. CIT(A) is justified in holding that the AO had ignored the details submitted by the lenders, namely Solari Home Textile Pvt Ltd and Spring Fab and Tex Pvt Ltd, as well as assesse without appreciating that the assessee has taken loan from such entities which have been struck off from the