2011 (6) TMI 955

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..... Act, 1961 is at the instance of the Revenue and is directed against order dated 6th August 2010 passed by the Income-tax Appellate Tribunal, A Bench, Kolkata in IT(SS)A No.133(Kol) of 2003 for the Block Assessment for Block Period ended 3-11-1998 thereby dismissing the appeal preferred by the Revenue. Being dissatisfied, the Revenue has come up with the present appeal. The only quest .....

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..... ere made by the applicants by account payee cheques. It appears from the Assessing Officer s order that his grievance was that the assessee was not willing to produce the parties who had allegedly advanced the fund. In our opinion, both the Commissioner of Income-tax (Appeals) and the Tribunal below were justified in holding that after disclosure of the full particulars indicated above, the .....

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..... th the authorities below, on consideration of the materials on record, rightly applied the correct law which are required to be applied in the facts of the present case and, thus, we do not find any reason to interfere with the concurrent findings of fact based on materials on record. The appeal is, thus, devoid of any substance and is dismissed summarily as it does not involve any substanti .....

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