2014 (5) TMI 508

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....the Department under Section 260A of the Income Tax Act, 1961 against the judgement and order dated 05.01.2009 passed by the Income Tax Appellate Tribunal, Agra in I.T.A No. 48/Agr./2007 for the assessment year 2003-04. The brief facts of the case are that during the assessment year under consideration, the assessee was engaged in the business of manufacturing and export of shoes. It was 100% e....

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....y decision, the Tribunal observed that the transaction pertaining to the cash credit was genuine, so the original assessment order was upheld. Not being satisfied, the department has knocked the door of this Court by filing the present appeal. With this background, we heard at length the learned counsel for the department and the learned counsel for the assessee and gone through the material av....