2010 (10) TMI 117

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... epositors, creditworthiness of the depositors and genuineness of the transaction - it is not necessary to go into this question as there is no illegality so far as third finding is concerned - Appeal is dismissed - 219 of 2009 - - - Dated:- 6-10-2010 - Yatindra Singh, Rajes Kumar,JJ. 1. Assessment under section 143(1) (a) of the Income Tax Act, 1961 (the Act) was made on 28.12.1998. A show c .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of the transaction. Hence the present appeal by the department. 4. We have heard Sri AN Mahajan, counsel for the appellant and Sri RP Agrawal and Sri Abhai Kumar Singh, counsel for the respondents. 5. There seems to be some doubt so far as the finding no. 1 and 2 recorded by the Tribunal in its order is concerned. However, it is not necessary to go into this question as there is no illegal .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X