2013 (12) TMI 372

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....d judgment and order passed by the Income Tax Appellate Tribunal (hereinafter referred to as 'ITAT') dated 21/06/2013 in ITA No. 1010/Rjt/2010 for the Assessment Year 2006-07, the revenue has preferred by the present Tax Appeal with the following proposed substantial question of law; "Whether the ITAT is erred in law as well as on facts in deleting the addition of Rs.1.45 Crores added by the Asse....

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....see by cheques and considering the same and considering the fact that the aforesaid loan amount of Rs.1,45,00,000/- came to be repaid to said Shri Ishwar Adwani in the next assessment year and considering the identity of the donors, creditworthiness and the genuineness of the loan transactions, CIT(A) deleted the additions made by the Assessing Officer. 4. Being aggrieved and dissatisfied with th....

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.... communication dated 22/12/2008 of the assessee alongwith the confirmation letter of Shri Ishwar Adwani confirming the loan/advance of Rs.1,45,00,000/- given to the assessee, was produced before the Assessing Officer i.e. on the day the Assessing Officer passed the order and thereafter the same was reproduced before the CIT(A) and the CIT(A) considered the same, the CIT(A) ought to have remanded t....