2013 (12) TMI 1168

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..... This is an appeal by appellant under Section 260-A of the Income Tax Act, 1961 challenging the concurrent orders passed by the Commissioner of Income Tax (Appeals) and Appellate Tribunal, Indore. The respondent assessee is a private limited company and is engaged in development of land, construction of flats, bungalows, shops etc. and there sale. For the financial year 2002-03 return was f....

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....peal has been filed. It is said that the appellate authority has committed an error in deleting an addition of Rs. 1,10,17,175/- made by the Assessing Authority on account of substantive addition for the block period 01/04/1995 to 27/02/2002. It is further stated that in deleting further addition of Rs. 19,91,494/- as ordered by the Assessing Authority, the Appellate Authority has committed an err....

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....hat under Section 158(B)(B) such an addition is not permissible. It is also found that similar addition was with regard to the same assessee is already quashed by an order dated 29/04/2005. It was found that huge addition of one crore has been made on vague and presumptive manner without there being any substantive basis and material available on record. It is also found that under Section 145 exe....