2013 (7) TMI 915

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....lows:- "1. Whether the Hon'ble ITAT has erred in law and on facts in ignoring the provisions of Section 292-C of the I.T. Act, 1961, according to which the documents, books of accounts, money, bullion, jewellery and other valuable articles or things found in the possession or control of a person are presumed to be belonging to such persons and that the contents of such books of account are tr....

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....sertion of Section 292C by Finance Act, 2002 w.e.f. 01.10.1975, and accordingly did not represent the correct position of amended law. 4. Whether the Hon'ble ITAT was justified in law as well as in the facts and circumstances of the case in deleting the addition of Rs. 53,74,850/- made u/s 69 of the I.T. Act, 1961, without appreciating the facts that the addition was made on the basis of docu....