2009 (11) TMI 589

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....essee has preferred this appeal under section 260A of the Income-tax Act, 1961 (for short, "the Act") against the order of the Income-tax Appellate Tribunal, Chandigarh Bench in ITA. No. 738/Chd./2007 for the assessment year 2004-05, dated 18-1-2008, proposing to the raise following substantial question of law :  "(i)  Whether on the true and correct interpretation of the provisions o....

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.... respect of credit entries from bogus entities. The Commissioner of Income-tax (Appeals) deleted the trading addition after giving the benefit of telescoping against the addition in respect of unexplained credit entries. On further appeal by both sides, the Tribunal remanded the matter to the Assessing Officer by observing that there was contradiction in the documents submitted by the assessee. ....