2017 (11) TMI 460

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..... inst the judgement of I.T.A.T dated 09.06.2016, raising following questions for consideration: "[A] Whether on the facts and in the circumstances of the case and in law, the decision of ITAT in deleting the addition made on the basis of statements of the partners of the firm quantifying the unaccounted expenditure in land development is justified ignoring that the statements were recorded on oat .....

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..... d the return admitting an income of Rs. 89.13 lacs, which included unaccounted income of Rs. 76.10 lacs. 3 The Assessing Officer, despite such developments proceeded to make addition of the entire sum of Rs. 2.35 crores admitted by the partner in a survey statement, which was later on retracted. In appeal, the CIT(A) deleted the addition primarily on the ground that no addition can be made solely .....

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