TaxTMI 
TaxTMI 
2010 (5) TMI 172
X X X X Extracts X X X X
X X X X Extracts X X X X
....s an appeal filed by the revenue under Section 260A of the Income-tax Act, 1961 (for brevity, 'the Act'), challenging order dated 17.7.2009, passed by the Income Tax Appellate Tribunal, Delhi Bench 'I', New Delhi (for brevity, 'the Tribunal'), in ITA No. 2841/Del/2008, in respect of assessment year 2005-06. The Tribunal has upheld the view taken by the CIT(A) in his order dated 26.6.2008. The reve....
X X X X Extracts X X X X
X X X X Extracts X X X X
....961 especially when the assessee had failed to explain the reason in respect of difference shown by assessee and estimated by the Valuation Officer? (III) Whether, on the facts and in the circumstances of the case, the Ld. ITAT was right in law in upholding the order of the Ld. CIT(A) in deleting the addition of Rs. 15,00,000/- made by the Assessing Officer on account of income from undisclosed s....
X X X X Extracts X X X X
X X X X Extracts X X X X
....uction estimated by the DVO and the one proffered by the assessee is less than 10% then such a difference has to be ignored for the purpose of making addition to the income of the assessee. The Tribunal has also referred the judgment rendered in the case of Honest Group of Hotels (P) Ltd. V. CIT, 123 Taxman 464 (J&K); and ITO v. JMP Enterprises, 18 TLR 277 (Amritsar). 3. At the hearing we asked M....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ce is concerned, the Tribunal has held that there is no bar or error in the order of the CIT (A) because the additional evidence was duly put to the Assessing Officer before entertaining the same. It is appropriate to mention that the additional evidence was adduced showing the amount donated by the donors and their confirmation. The donors had disclosed their Permanent Account Numbers, copies of ....