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TMI Blog2015 (5) TMI 318X X X X Extracts X X X X X X X X Extracts X X X X ..... hah) 1.0 Feeling aggrieved and dissatisfied with the impugned judgment and order dated 27.08.2014 passed by the learned Income Tax Appellate Tribunal, 'B' Bench, Ahmedabad in X-Objection No.148/Ahd/2011 for the Assessment Year 2006-07, the Revenue has preferred the present Tax Appeal with the following proposed substantial question of law. "Whether the Appellate Tribunal has substantiall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... become bad. That the AO having not satisfied with the explanation given by the assessee the AO added Rs. 1,58,529/- back to the income of the assessee. That on an appeal by the assessee, the learned CIT(A) confirmed the addition made by the AO holding that the amount of Rs. 1,58,529/- representing the advance given to different parties was not arising out of sale and accordingly it was not in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee under section 36(1)(vii) of the Act, the Revenue has preferred the present Tax Appeal with the aforesaid proposed substantial question of law. 3.0 Mrs. Bhatt, learned Counsel appearing on behalf of the Revenue has vehemently submitted that the learned Tribunal has materially erred in not appreciating the fact that the amount of Rs. 1,58,529/- representing the advance given to different p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n written off and it is necessary to establish that the debt has infact become irrecoverable. In view of the aforesaid decision of the Hon'ble Supreme Court, it cannot be said that the learned Tribunal has committed any error in deleting the addition made by the AO of Rs. 1,58,529/of which the deduction was claimed as written off and as irrecoverable in the accounts of the assessee. 5.0 No su ..... X X X X Extracts X X X X X X X X Extracts X X X X
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