2011 (1) TMI 190

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.... This appeal under Section 260A of the Income Tax Act, 1961 is directed against order dated May 18, 2010 passed by the Income Tax Appellate Tribunal "A" Bench, Kolkata in ITA No.2119/Kol/2009 relating to the Assessment Year 2003-04.   The aforesaid appeal was preferred by the revenue against the order of the learned CIT (A) Kolkata dated September 23, 2009 on the following ground:   ....

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.... the facts and ultimately observed certain abnormal features, which were mentioned in the assessment order. The Assessing Officer, therefore, concluded that nature and source of such money was questionable and evidence produced was unsatisfactory. Consequently, the Assessing Officer invoked the provisions under Section 68/69 of the Income Tax Act and made addition of Rs.24,00,000/-.   On a....