Rick Lunsford Trade & Investment Ltd. v. CIT 2016-TIOL- 207-SC-IT

230 Taxmann 268Supreme Court of India2015#1737 most cited

judgments rely on this decision, according to BharatTax’s citation analysis of 366,339 Indian tax judgments — from 2016 to 2026.

Sections most often in play

Section 143(3)Section 147 Section 1961 Section 148 Section 10(38)Section 132 Section 132A Section 143(1)

Issues it is cited on

paper company creditworthiness of the creditor source of source share application money accommodation entry genuineness of the transaction unexplained cash credit section 131 section 133(6)cross objection income-tax officer section 68

Judgments citing Rick Lunsford Trade & Investment Ltd. v. CIT 2016-TIOL- 207-SC-IT

Deputy Commissioner of Income Tax, Central Circle, Kota vs. M/S Oriental Power Cables Ltd., Kota

ITA 1096/JPR/2018[2012-13]Status: DisposedITAT Jaipur12 Feb 2019AY 2012-13

Section 132Section 153Section 68

…आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES “A”, JAIPUR Jh fot; iky jko] U;kf;d lnL; ,oa Jh foØe flag ;kno] ys[kk lnL; ds le{k BEFORE: SHRI VIJAY PAL RAO, JM & SHRI VIKRAM SINGH YADAV, AM vk;dj vihy la-@ITA No. 1096/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2012-13 cuke D.C.I.T., M/s Oriental Power Cables Ltd., Vs. Central Circle, Cable Nagar, NH-12, Kota, Kota. Rajasthan. LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AAACO 4036 H vihykFkhZ@Appellant izR;FkhZ@Respondent izR;k{ksi.k@C.O. No. 36/JP/2018 (Arising out of vk;dj vihy la-@ITA No. 1096/JP/2018) fu/kZkj.k…

M/S Oriental Power Cables Ltd., Kota vs. Deputy Commissioner of Income Tax, Central Circle, Kota

ITA 1028/JPR/2018[2015-16]Status: DisposedITAT Jaipur12 Feb 2019AY 2015-16

Section 132Section 153Section 68

M/S Oriental Power Cables Ltd., Kota vs. Deputy Commissioner of Income Tax, Central Circle, Kota

ITA 1027/JPR/2018[2014-15]Status: DisposedITAT Jaipur12 Feb 2019AY 2014-15

Section 132Section 153Section 68

Deputy Commissioner of Income Tax, Central Circle, Kota vs. M/S. Multi Metal Private Ltd., Kota

ITA 1230/JPR/2018[2016-17]Status: DisposedITAT Jaipur29 Jan 2019AY 2016-17

Section 132Section 143(3)Section 153ASection 153B(1)(b)

…आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES “A”, JAIPUR Jh fot; iky jko] U;kf;d lnL; ,oa Jh foØe flag ;kno] ys[kk lnL; ds le{k BEFORE: SHRI VIJAY PAL RAO, JM & SHRI VIKRAM SINGH YADAV, AM vk;dj vihy la-@ITA No. 1024/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2010-11 cuke M/s Multimetals Limited, D.C.I.T., Vs. Plot No. 6 and 7, Heavy Central Circle, Industrial Area, Kansua Road, Kota. Kota. LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AABCM 6604 J vihykFkhZ@Appellant izR;FkhZ@Respondent vk;dj vihy la-@ITA No. 1100/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2010-11 cuke…

Deputy Commissioner of Income Tax, Central Circle, Kota vs. M/S. Multi Metal Private Ltd., Kota

ITA 1104/JPR/2018[2015-16]Status: DisposedITAT Jaipur29 Jan 2019AY 2015-16

Section 132Section 143(3)Section 153ASection 153B(1)(b)

…आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES “A”, JAIPUR Jh fot; iky jko] U;kf;d lnL; ,oa Jh foØe flag ;kno] ys[kk lnL; ds le{k BEFORE: SHRI VIJAY PAL RAO, JM & SHRI VIKRAM SINGH YADAV, AM vk;dj vihy la-@ITA No. 1024/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2010-11 cuke M/s Multimetals Limited, D.C.I.T., Vs. Plot No. 6 and 7, Heavy Central Circle, Industrial Area, Kansua Road, Kota. Kota. LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AABCM 6604 J vihykFkhZ@Appellant izR;FkhZ@Respondent vk;dj vihy la-@ITA No. 1100/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2010-11 cuke…

Deputy Commissioner of Income Tax, Central Circle, Kota vs. M/S. Multi Metal Private Ltd., Kota

ITA 1103/JPR/2018[2013-14]Status: DisposedITAT Jaipur29 Jan 2019AY 2013-14

Section 132Section 143(3)Section 153ASection 153B(1)(b)

…आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES “A”, JAIPUR Jh fot; iky jko] U;kf;d lnL; ,oa Jh foØe flag ;kno] ys[kk lnL; ds le{k BEFORE: SHRI VIJAY PAL RAO, JM & SHRI VIKRAM SINGH YADAV, AM vk;dj vihy la-@ITA No. 1024/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2010-11 cuke M/s Multimetals Limited, D.C.I.T., Vs. Plot No. 6 and 7, Heavy Central Circle, Industrial Area, Kansua Road, Kota. Kota. LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AABCM 6604 J vihykFkhZ@Appellant izR;FkhZ@Respondent vk;dj vihy la-@ITA No. 1100/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2010-11 cuke…

Deputy Commissioner of Income Tax, Central Circle, Kota vs. M/S. Multi Metal Private Ltd., Kota

ITA 1102/JPR/2018[2012-13]Status: DisposedITAT Jaipur29 Jan 2019AY 2012-13

Section 132Section 143(3)Section 153ASection 153B(1)(b)

…आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES “A”, JAIPUR Jh fot; iky jko] U;kf;d lnL; ,oa Jh foØe flag ;kno] ys[kk lnL; ds le{k BEFORE: SHRI VIJAY PAL RAO, JM & SHRI VIKRAM SINGH YADAV, AM vk;dj vihy la-@ITA No. 1024/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2010-11 cuke M/s Multimetals Limited, D.C.I.T., Vs. Plot No. 6 and 7, Heavy Central Circle, Industrial Area, Kansua Road, Kota. Kota. LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AABCM 6604 J vihykFkhZ@Appellant izR;FkhZ@Respondent vk;dj vihy la-@ITA No. 1100/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2010-11 cuke…

Deputy Commissioner of Income Tax, Central Circle, Kota vs. M/S. Multi Metal Private Ltd., Kota

ITA 1101/JPR/2018[2011-12]Status: DisposedITAT Jaipur29 Jan 2019AY 2011-12

Section 132Section 143(3)Section 153ASection 153B(1)(b)

…आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES “A”, JAIPUR Jh fot; iky jko] U;kf;d lnL; ,oa Jh foØe flag ;kno] ys[kk lnL; ds le{k BEFORE: SHRI VIJAY PAL RAO, JM & SHRI VIKRAM SINGH YADAV, AM vk;dj vihy la-@ITA No. 1024/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2010-11 cuke M/s Multimetals Limited, D.C.I.T., Vs. Plot No. 6 and 7, Heavy Central Circle, Industrial Area, Kansua Road, Kota. Kota. LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AABCM 6604 J vihykFkhZ@Appellant izR;FkhZ@Respondent vk;dj vihy la-@ITA No. 1100/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2010-11 cuke…

Deputy Commissioner of Income Tax, Central Circle, Kota vs. M/S. Multi Metal Private Ltd., Kota

ITA 1100/JPR/2018[2010-11]Status: DisposedITAT Jaipur29 Jan 2019AY 2010-11

Section 132Section 143(3)Section 153ASection 153B(1)(b)

…आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES “A”, JAIPUR Jh fot; iky jko] U;kf;d lnL; ,oa Jh foØe flag ;kno] ys[kk lnL; ds le{k BEFORE: SHRI VIJAY PAL RAO, JM & SHRI VIKRAM SINGH YADAV, AM vk;dj vihy la-@ITA No. 1024/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2010-11 cuke M/s Multimetals Limited, D.C.I.T., Vs. Plot No. 6 and 7, Heavy Central Circle, Industrial Area, Kansua Road, Kota. Kota. LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AABCM 6604 J vihykFkhZ@Appellant izR;FkhZ@Respondent vk;dj vihy la-@ITA No. 1100/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2010-11 cuke…

M/S. Multi Metal Private Ltd., Kota vs. Deputy Commissioner of Income Tax, Central Circle, Kota

ITA 1026/JPR/2018[2015-16]Status: DisposedITAT Jaipur29 Jan 2019AY 2015-16

Section 132Section 143(3)Section 153ASection 153B(1)(b)

…आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES “A”, JAIPUR Jh fot; iky jko] U;kf;d lnL; ,oa Jh foØe flag ;kno] ys[kk lnL; ds le{k BEFORE: SHRI VIJAY PAL RAO, JM & SHRI VIKRAM SINGH YADAV, AM vk;dj vihy la-@ITA No. 1024/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2010-11 cuke M/s Multimetals Limited, D.C.I.T., Vs. Plot No. 6 and 7, Heavy Central Circle, Industrial Area, Kansua Road, Kota. Kota. LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AABCM 6604 J vihykFkhZ@Appellant izR;FkhZ@Respondent vk;dj vihy la-@ITA No. 1100/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2010-11 cuke…

M/S. Multi Metal Private Ltd., Kota vs. Deputy Commissioner of Income Tax, Central Circle, Kota

ITA 1025/JPR/2018[2013-14]Status: DisposedITAT Jaipur29 Jan 2019AY 2013-14

Section 132Section 143(3)Section 153ASection 153B(1)(b)

…आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES “A”, JAIPUR Jh fot; iky jko] U;kf;d lnL; ,oa Jh foØe flag ;kno] ys[kk lnL; ds le{k BEFORE: SHRI VIJAY PAL RAO, JM & SHRI VIKRAM SINGH YADAV, AM vk;dj vihy la-@ITA No. 1024/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2010-11 cuke M/s Multimetals Limited, D.C.I.T., Vs. Plot No. 6 and 7, Heavy Central Circle, Industrial Area, Kansua Road, Kota. Kota. LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AABCM 6604 J vihykFkhZ@Appellant izR;FkhZ@Respondent vk;dj vihy la-@ITA No. 1100/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2010-11 cuke…

M/S. Multi Metal Private Ltd., Kota vs. Deputy Commissioner of Income Tax, Central Circle, Kota

ITA 1024/JPR/2018[2010-11]Status: DisposedITAT Jaipur29 Jan 2019AY 2010-11

Section 132Section 143(3)Section 153ASection 153B(1)(b)

…आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES “A”, JAIPUR Jh fot; iky jko] U;kf;d lnL; ,oa Jh foØe flag ;kno] ys[kk lnL; ds le{k BEFORE: SHRI VIJAY PAL RAO, JM & SHRI VIKRAM SINGH YADAV, AM vk;dj vihy la-@ITA No. 1024/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2010-11 cuke M/s Multimetals Limited, D.C.I.T., Vs. Plot No. 6 and 7, Heavy Central Circle, Industrial Area, Kansua Road, Kota. Kota. LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AABCM 6604 J vihykFkhZ@Appellant izR;FkhZ@Respondent vk;dj vihy la-@ITA No. 1100/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2010-11 cuke…

Deputy Commissioner of Income Tax, Central Circle, Kota vs. M/S Baran Roller Flour Mills Pvt. Ltd., Kota

ITA 1207/JPR/2018[2011-12]Status: DisposedITAT Jaipur11 Jan 2019AY 2011-12

For Appellant: Shri Vijay Goyal (CA)For Respondent: Shri Varinder Mehta (CIT) fu/kZkfjrh dh vksj ls@

Section 14ASection 68

…आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES, JAIPUR Jh fot; iky jkWo] U;kf;d lnL; ,oa Jh foØe flag ;kno] ys[kk lnL; ds le{k BEFORE: SHRI VIJAY PAL RAO, JM AND SHRI VIKRAM SINGH YADAV, AM vk;dj vihy la-@ITA Nos. 1206 & 1207/JP/2018 fu/kZkj.k o"kZ@Assessment Years : 2010-11 & 11-12 cuke Deputy Commissioner of Income-tax, M/s. Baran Roller Flour Mills P. Ltd. Vs. Central Circle, 6/7, Multimetals Campus, Kota. Large Scale Industrial Area, Kota. LFkk;h ys[kk la-@thvkbZvkj la-@PAN No. AABCB 7695 N vihykFkhZ@Appellant izR;FkhZ@Respondent C.O. Nos. 45 & 46/JP/2018 (Ari…

Deputy Commissioner of Income Tax, Central Circle, Kota vs. M/S Baran Roller Flour Mills Pvt. Ltd., Kota

ITA 1206/JPR/2018[2010-11]Status: DisposedITAT Jaipur11 Jan 2019AY 2010-11

For Appellant: Shri Vijay Goyal (CA)For Respondent: Shri Varinder Mehta (CIT) fu/kZkfjrh dh vksj ls@

Section 14ASection 68

ITO, Ward-10(4), Kolkata vs. M/S Positive Properties Pvt. Ltd., Kolkata

In the result, appeal of revenue is dismissed

ITA 2274/KOL/2016[2012-13]Status: DisposedITAT Kolkata09 Jan 2019AY 2012-13

Bench: Shri A. T. Varkey, Jm & Dr. A. L. Saini, Am]

Section 68

…1 Positive Properties Pvt. Ltd., AY 2012-13 आयकर अपील"य अधीकरण, "यायपीठ – “B” कोलकाता, IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH: KOLKATA (सम") "ी ऐ. ट". वक", "यायीक सद"य एवं डॉ. अजु"न लाल सैनी, लेखा सद"य) [Before Shri A. T. Varkey, JM & Dr. A. L. Saini, AM] I.T.A. No. 2274/Kol/2016 Assessment Year: 2012-13 Income-tax Officer, Wd-10(4), Vs. M/s. Positive Properties Pvt. Ltd. Kolkata. (PAN: AAFCP7164E) Appellant Respondent Date of Hearing 01.01.2019 Date of Pronouncement 09.01.2019 For the Appellant Shri Pijush Mukherjee, Addl. CIT, Sr. DR For the Respondent Shri Manish Tiwari, AR ORDER Per Shri A.T.V…

M/S Kota Dall Mill, Kota vs. Deputy Commissioner of Income Tax, Central Circle, Kota

ITA 998/JPR/2018[2011-12]Status: DisposedITAT Jaipur31 Dec 2018AY 2011-12

For Appellant: Shri Vijay Goyal & Shri Gulshan Agarwal (CAs)For Respondent: Shri Varinder Mehta (CIT)

Section 132Section 143(3)Section 153ASection 153B(1)(b)Section 68

…आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES, JAIPUR Jh fot; iky jkWo] U;kf;d lnL; ,oa Jh foØe flag ;kno] ys[kk lnL; ds le{k BEFORE: SHRI VIJAY PAL RAO, JM AND SHRI VIKRAM SINGH YADAV, AM vk;dj vihy la-@ITA No. 997 to 1002/JP/2018 & 1119/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2007-08. cuke M/s. Kota Dall Mill The Deputy Commissioner of Income- tax, Central Circle, Room No. 212, 2nd Vs. C-Block, Multimetals Ltd. Campus 6/7, Heavy Industrial Area, Floor, C.R. Building, Rawat Bhata Kansua Road, Road, Kota. Kota. LFkk;h ys[kk la-@thvkbZvkj la-@PAN No. AAAFK 8105 C…

M/S Kota Dall Mill, Kota vs. Deputy Commissioner of Income Tax, Central Circle, Kota

ITA 997/JPR/2018[2010-11]Status: DisposedITAT Jaipur31 Dec 2018AY 2010-11

For Appellant: Shri Vijay Goyal & Shri Gulshan Agarwal (CAs)For Respondent: Shri Varinder Mehta (CIT)

Section 132Section 143(3)Section 153ASection 153B(1)(b)Section 68

…आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES, JAIPUR Jh fot; iky jkWo] U;kf;d lnL; ,oa Jh foØe flag ;kno] ys[kk lnL; ds le{k BEFORE: SHRI VIJAY PAL RAO, JM AND SHRI VIKRAM SINGH YADAV, AM vk;dj vihy la-@ITA No. 997 to 1002/JP/2018 & 1119/JP/2018 fu/kZkj.k o"kZ@Assessment Years : 2010-11, 11-12, 12-13, 13-14, 14-15,15-16 & 16-17. cuke M/s. Kota Dall Mill The Deputy Commissioner of Income- tax, Central Circle, Room No. 212, 2nd Vs. C-Block, Multimetals Ltd. Campus 6/7, Heavy Industrial Area, Floor, C.R. Building, Rawat Bhata Kansua Road, Road, Kota. Kota. LFkk;h ys…

Deputy Commissioner of Income Tax, Central Circle, Kota vs. M/S Kota Dall Mill, Kota

ITA 1057/JPR/2018[2010-11]Status: DisposedITAT Jaipur31 Dec 2018AY 2010-11

For Appellant: Shri Vijay Goyal & Shri Gulshan Agarwal (CAs)For Respondent: Shri Varinder Mehta (CIT)

Section 132Section 143(3)Section 153ASection 153B(1)(b)Section 68

…आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES, JAIPUR Jh fot; iky jkWo] U;kf;d lnL; ,oa Jh foØe flag ;kno] ys[kk lnL; ds le{k BEFORE: SHRI VIJAY PAL RAO, JM AND SHRI VIKRAM SINGH YADAV, AM vk;dj vihy la-@ITA No. 997 to 1002/JP/2018 & 1119/JP/2018 fu/kZkj.k o"kZ@Assessment Years : 2010-11, 11-12, 12-13, 13-14, 14-15,15-16 & 16-17. cuke M/s. Kota Dall Mill The Deputy Commissioner of Income- tax, Central Circle, Room No. 212, 2nd Vs. C-Block, Multimetals Ltd. Campus 6/7, Heavy Industrial Area, Floor, C.R. Building, Rawat Bhata Kansua Road, Road, Kota. Kota. LFkk;h ys…

M/S Kota Dall Mill, Kota vs. Deputy Commissioner of Income Tax, Central Circle, Kota

ITA 999/JPR/2018[2012-13]Status: DisposedITAT Jaipur28 Dec 2018AY 2012-13

For Appellant: Shri Vijay Goyal & Shri Gulshan Agarwal (CAs)For Respondent: Shri Varinder Mehta (CIT)

Section 132Section 143(3)Section 153ASection 153B(1)(b)Section 68

…आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES, JAIPUR Jh fot; iky jkWo] U;kf;d lnL; ,oa Jh foØe flag ;kno] ys[kk lnL; ds le{k BEFORE: SHRI VIJAY PAL RAO, JM AND SHRI VIKRAM SINGH YADAV, AM vk;dj vihy la-@ITA No. 997 to 1002/JP/2018 & 1119/JP/2018 fu/kZkj.k o"kZ@Assessment Year : 2007-08. cuke M/s. Kota Dall Mill The Deputy Commissioner of Income- tax, Central Circle, Room No. 212, 2nd Vs. C-Block, Multimetals Ltd. Campus 6/7, Heavy Industrial Area, Floor, C.R. Building, Rawat Bhata Kansua Road, Road, Kota. Kota. LFkk;h ys[kk la-@thvkbZvkj la-@PAN No. AAAFK 8105 C…

DCIT CC 7(2), Mumbai vs. Manba Finance Ltd, Mumbai

ITA 1448/MUM/2017[2013-14]Status: DisposedITAT Mumbai05 Oct 2018AY 2013-14

Bench: Shri Shamim Yahya, Am & Shri Ram Lal Negi, Jm

For Appellant: Shri Chaudhary Arunkumar SinghFor Respondent: Dr. P. Daniel

Section 133ASection 68

…n creditors as held by the Hon'ble High Court of Gauhati in the case of Nemichand Kothari vs CIT reported in 264 1TR 254. 25. Thereafter, the ld. CIT(A) distinguished the decision relied by the assessee in the case of Navoday Castle Pvt. Ltd. vs. CIT [2015] 230 Taxmann 268 (SC), Sumati Dayal (Supra) and the decision of Hon’ble Calcutta High Court in the case of Precision Finance Pvt. Ltd. 208 ITR 465 holding them to be not applicable on the facts of this case. 26. In the background of this discussion, the ld. CIT(A) deleted the addition in this regard also. For A.Y. 2011-12 and 2010-11, the ld. CIT(A) noted…