2011 (12) TMI 244

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....t   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. 787/CHD/2008 for the assessment year 2000-01. The Revenue has sought the f....

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.... their returns of income in Delhi. Filing of return at Delhi showed that they were partners. The said persons who appeared before the Assessing Officer and their statements were recorded. It was thus found that the basis of addition of Rs. 13.15 lacs made by the Assessing Officer in the name of five persons as investment from the undisclosed sources is not sustainable. Consequently, the interest t....