The ACIT, Central Circle 20, Room No.108, ARA Centre, E 2, Jhandewalan Extn., New Delhi. Vs. M/s. Sidhavandan Enterprises Pvt. Ltd., C 1/35, Safdarjung Development Area, New Delhi 110 016. |
This appeal by Revenue has been directed against the Order of the Ld. CIT(A)-27, New Delhi, Dated 25.04.2016, for the A.Y. 2013-2014, on the following grounds :
1. “That the Ld. CIT(A) erred in law and on facts in deleting the addition of Rs.2.00 crores made u/s 68 of the Act, without properly appreciating the facts and circumstances as the assessee was ultimate beneficiary has taken loan from dubious company M/s Varrenyam Securities Pvt. Ltd. where source of fund remain unexplained.
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