In the result, appeal of the revenue is dismissed in limine and Cross objection filed is assessee is dismissed as infructuous
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble
115 BBE. 3. The learned CIT(A) ought to have consider the sources for the investment made by the 34 shareholders since all of them have submitted the copies of their individual returns along with copies of their bank accounts and many of them have appeared in response to the summons and have given the sworn statements. 4. The learned