2011 (12) TMI 172

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....  Ms. Jyoti, Advocate and Mr. S.K. Mukhi, Advocate for the respondent   HEMANT GUPTA, J.   The Revenue is in appeal under Section 260A of the Income Tax Act, 1961 (for short 'the Act') against the order dated 25.9.2009 passed by the Income Tax Appellate Tribunal, Chandigarh Bench 'A' Chandigarh in ITA No. 692/CHD/2008 for the assessment year 2000-01.   The Revenue h....

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....closed income of the assessee. Learned Commissioner of Income Tax, in appeal has set aside the findings recorded by the Assessing Officer. It found that there is no material to establish that Rs. 15.50 lacs received by the assessee, from partners in the said partnership firm, can be treated as assessee's undisclosed income. It is said finding which was affirmed by the Tribunal in the impugned orde....