2013 (12) TMI 1255

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....Respondent : Shakeel Ahmad ORDER We have heard Sri Dhananjai Awasthi learned counsel for the appellant. Sri Shakeel Ahmad appears for the respondent-assessee. This Income Tax Appeal under Section 260-A of the Income Tax Act 1961, arises out of the order of the Income Tax Appellate Tribunal, Allahabad Bench, Allahabad in ITA No. 207/Alld/2004; ITA No. 251/Alld/2004 and CO No. 6/Alld/2004, ....

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....of the case and material brought on record by the A.O.? Whether on the facts and in the circumstances of the case, the Hon'ble Income Tax Appellate Tribunal was justified in law in upholding the order of Ld. CIT(A), Allahabad granting relief of Rs.1,11,149/- by applying N.P. rate of 8 % instead of entire suppressed receipt of Rs.1,20,618/- without appreciating the facts of the case and material....

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....tosh Kumar Agrawal, then the same amount cannot be added in the hands of the assessee to avoid double taxation. Therefore we find no justification for making the addition of Rs.16,40,000/- in the hands of the assessee." So far as addition of Rs.8,74,780/- is concerned, the ITAT found that M/s. Mohan Lal Jain & Sons was having transaction with Sri Santosh Kumar Agrawal only. He was not having an....