TaxTMI 
TaxTMI 
2010 (8) TMI 708
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....as a common question of law is involved. The facts have been taken from I. T. A. No. 130 of 2005. 2. This appeal has been preferred by the Revenue under section 260A of the Income-tax Act, 1961 (for short, "the Act") against the order dated October 5, 2004 passed by the Income-tax Appellate Tribunal, Chandigarh Bench "B", Chandigarh in I. T. A. No. 1065/Chandi/96 for the block period April....
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.... return for the block period from April 1, 1985 to August 11, 1995 declaring nil income. On being confronted with the undisclosed deposit in the bank account, the karta of the assessee in his statement dated August 14, 1996 surrendered the amount for being taxed. Accordingly, the Assessing Officer assessed the amount as undisclosed income. On appeal, the addition was deleted, inter alia, on the gr....
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....i Oil Corporation [2001] 248 ITR 194 (Bom) and the judgment of the Delhi High Court in CIT v. Ms. Pushpa Rani [2007] 289 ITR 328 (Delhi). 7. It is not disputed by learned counsel for the assessee that satisfaction in terms of section 158BD was duly recorded on September 14, 1995 which fact has been omitted by the Tribunal from consideration as stated in para. 3 of the memo of appeal. The s....