Bench: the CIT(A) where appeal was dismissed on wrong facts.4. Dissatisfied with the above order, assessee is in appeal before this Tribunal.
reassessment proceedings were initiated on an incorrect assumption of facts without verifying the relevant accounting records. On examining the records, we find force in the submissions of the learned AR. The balance sheet and other supporting documents clearly demonstrate that the sum of ₹2,00,00,000/- represents the brought-forward balance of share application money received in financial year