2016 (6) TMI 848

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..... there was no material on the basis of which the aforesaid addition could be made and on that basis the C.I.T. deleted the addition. The learned Tribunal correctly concurred with such finding of the C.I.T.(A). As regards other sum the addition was found altogether unmeritorious because “all these amounts are paid by cheque out of accounted fund in the regular books of accounts. A copy of the con .....

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..... ssing an appeal preferred by the revenue. The revenue has once again come up in appeal which was admitted by this Court on 7th January, 2010. The following question of law was formulated. Whether on the facts and in the circumstances of the case the Learned Tribunal is justified in law in confirming the order of C.I.T.(Appeals) in deleting the addition of ₹ 33,90,000/- and ₹ 72,57 .....

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..... the regular books of accounts. A copy of the confirmation along with the bank statement in respect of the assessee s accounts with Bharat Overseas Bank is filed, duly confirmed by Shri A E Medhora on behalf of M/s. Novrojee Co. A copy of the bank account disclosed and the regular books of accounts were filed before the Ld.CIT(A) which were also made available before the AO. Based on these submi .....

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