2010 (2) TMI 1049

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.... By this order we propose to dispose of ITA Nos. 67 and 75 of 2010 as common questions of law and fact are involved. However, facts are being referred from ITA No. 67 of 2010. 2. The revenue has approached this Court by filing the instant appeal under section 260A of the Income-tax Act (for brevity 'the Act') challenging order dated 8-4-2009, passed by the Income-tax Appellate Tribunal, Delhi....

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....n a case where the facts and circumstances so demanded does not result in failure which lays open the action of the Tribunal to correction by a higher authority in the light of the ratio of the judgment of Bombay High Court in Brabhavati S. Shah v. CIT [1998] 231 ITR 277?      (iii)Whether the Tribunal's decision in respect of addition of Rs. 17,00,000 on account of supposed....

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.... in ITA No. 1580 (Delhi) of 2008, for the assessment year 2004-05, in the case of Smt. Chandni Bhuchar, a co-assessee of the present assessee. Against the aforesaid order passed by the Tribunal, the revenue has approached this Court by filing CIT v. Chandni Bhuchar [IT Appeal No. 653 of 2009], which was dismissed on 7-1-2010, holding that the value adopted or assessed by any authority of the State....

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....dni Bhuchar it was found from the bank statements of Smt. Shweta Bhuchar, respondent in the instant appeal, Shri Rishi Bhuchar and M/s. S.R. Ashok & Associates, wherein it was proved that a sum of Rs. 17,00,000 was drawn by donor through two cheques from M/s. S.R. Ashok and Associates, which were encashed from the bank account of the firm on 23-5-2003 and the capital account of the co-assessee in ....