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TMI Blog2020 (1) TMI 1142X X X X Extracts X X X X X X X X Extracts X X X X ..... law, the addition so made by the AO is without any basis, without any corroborating evidences and without allowing due opportunity of cross-examination to the assessee and is therefore, unsustainable in law. The case laws led by the learned Authorized Representative of the assessee are also supports findings of Ld.ICIT(A). In such circumstances, we do not find any infirmity in the order of CIT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n law, the Hon ble ITAT is right in upholding the decision of Ld.CIT(A) deleting the addition made u/s. 68 of the Act amounting to ₹ 2,51,75,891/- without appreciating the evidentiary value of the agreement to sell? (ii) Whether on the facts and in the circumstances of the case and in law, the Hon ble ITAT is right in upholding the decision of Ld. CIT(A) deleting the addition made u/s. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reply nor given any details regarding source of cash deposited in bank account? 3. The findings recorded by the Tribunal, as regards the case of Shri Rajubhai Zalabhai Bhadidyadara, are in paragraph No.10 of the impugned order, which reads thus: 10. We have heard the rival submissions and perused the relevant material on record. We find that the soft copy found in computer-hard disc of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dition so made by the AO is without any basis, without any corroborating evidences and without allowing due opportunity of cross-examination to the assessee and is therefore, unsustainable in law. The case laws led by the learned Authorized Representative of the assessee are also supports findings of Ld.ICIT(A). In such circumstances, we do not find any infirmity in the order of CIT(A), accordingl ..... X X X X Extracts X X X X X X X X Extracts X X X X
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