9911796707
TMI Blog2011 (12) TMI 244X X X X Extracts X X X X X X X X Extracts X X X X ..... ll such persons have filed their income tax returns. Thus, addition made as investment from the undisclosed sources is not sustainable. The findings recorded by the Tribunal on the basis of Varinder Singh's case have been affirmed by Court - Decided against the Revenue. - I.T.A. No. 598 of 2010(O&M) - - - Dated:- 8-12-2011 - MR. JUSTICE HEMANT GUPTA, MR. JUSTICE G.S. SANDHAWALIA, JJ. Pre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he addition of Rs. 1,49,071/- assessed in assessee's hand on account of interest on unexplained capital investment. The assessee is said to have introduced a sum of Rs. 13,15,000/- in the names of 5 persons which the assessing officer found to be income of the assessee from undisclosed sources. In its order dated 24.12.2007, the Commissioner of Income Tax in appeal found that all the alleged ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... me tax returns. The statements of five persons were also recorded who were assessee at Delhi. Such finding of fact does not give rise to any substantial question of law. The findings recorded by the Tribunal on the basis of Varinder Singh's case which have been affirmed by this Court in ITA No. 876 of 2010 decided today vide a separate order. The first substantial question of law does not aris ..... X X X X Extracts X X X X X X X X Extracts X X X X
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