2016 (6) TMI 697

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..... ng the judgment of ITAT dated 290.10.2015 raising the following question of law for our consideration: (A) Whether the ITAT has erred in law and on facts in deleting the addition made by the AO of Rs. 5,93,265/- on account of interest income on alleged advances treating the same as accrued interest ? 2. We have perused the material on record with the assistance of the learned counsel for the Rev .....

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..... page no.29 to 63 of the paper book. The search team has nowhere confronted the assessee specifically with these two pages. A vague question under question no.28 has been asked. The question is "Today during the course of search proceedings from your house loose paper/documents as per file no. AS-5 page no.1 to 108 are found, which have been seized which are having page no.1 to 108. You check it o .....

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..... . This aspect is pleaded time and again before the AO, and it was not got verified. The second argument taken by the assessee is that he has worked as sarpanch for a quite long time and being a political person, so many people might have visited him. All these papers might be belonged to third person who would have visited him for resolution of some dispute. This possibility cannot be ruled out, t .....

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