2010 (10) TMI 36

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.... under Section 260A of Income Tax Act, 1961 (for brevity, "Act") challenging the order dated 11th September, 2009 passed by the Income Tax Appellate Tribunal (in short "Tribunal") in ITA No. 1610/Del/2009, for the Assessment Year 2005-2006. 2. The issue that arises for consideration in the present case is whether the Tribunal was justified in deleting the addition of Rs.15,08,948/- made by the ....

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.... Rs. 259 lacs in the current year and as Rs. 1359 lacs for the Assessment Year 2006-2007. 4. The Tribunal vide its impugned order has confirmed the finding of the CIT(A). The relevant observations of the Tribunal are reproduced hereinbelow:- "6. We have duly considered the rival contention of Ld. DR and perused the material on record. The Ld. CIT(A) made an observation that AO did not doubt ....