2013 (4) TMI 61

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....(A), Meerut dated 18th June, 2010 for the AY 2005-06. 2. Ground No.1 raised by the Revenue reads as under:- "Whether in the facts and circumstances of the case, the CIT(A) has erred in law in deleting the addition of Rs.4,17,805/- and Rs.10,00,000/- on account of unverifiable loan from Shri Satish Chopra and Smt.Chand Rani respectively in spite of the fact that the genuineness and creditworthine....

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....action is through bank. Her creditworthiness genuineness and identity is not challenged." 4. With regard to Shri Satish Chopra, following explanation was given:- "The deposit is old one. Previously accepted by deptt. He is resident of Canada and mama of assessee. His passport and confirmation is filed. His creditworthiness, genuineness and identity is not challenged." 5. Since these were fresh ....

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....round No.1 of the Revenue's appeal is rejected. 6. Ground No.2 raised by the Revenue reads as under:- "Whether in the facts and circumstances of the case, the CIT(A) has erred in law in deleting the addition of Rs.2 lacs made by the AO on account of cash deposit in the bank account of the assessee from undisclosed sources? The amount had rightly been added to the income of the assessee u/s 68 of....