Singularly dismissal of each piece of evidence by CIT(A) not justified hence matter restored

ACIT Vs Blueray Trading Pvt. Ltd. (ITAT Ahmedabad) ITAT Ahmedabad allowed revenue’s appeal by concluding that approach of CIT(A) in singularly dismissing each piece of evidence, we find, is totally incorrect. Accordingly, matter restored back to CIT(A) to adjudicate the matter of bogus accommodation entry afresh. Facts- Revenue has preferred the present appeal. The solitary grievance of the Revenue against the order passed by CIT(A) was relating to the deletion of addition made by AO to the income of the assessee of share capital and premium received during the year finding the same to be me...