2012 (8) TMI 1012

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.... Revenue has challenged the impugned order of the CIT(A), Aurangabad, dated 04.03.2011 for the A.Y. 2007-08. The Revenue has taken the following effective ground: "On the facts and in the circumstances of the case, the Ld. CIT(A), Aurangabad, was not justified in deleting addition made on account of sticky advances of Rs. 64,73,000/-. The Ld.CIT(A) erred in holding that ratio of the Hon'ble Apex C....

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....000/- in respect of the interest on the sticky advances. The assessee challenged the said addition before the Ld. CIT(A) and Ld. CIT(A) in his reasoned order deleted the addition. 3. The identical issue has been considered by the ITAT Pune Bench in the case of ACIT, Nanded vs. Osmanabad Janta Sah. Bank Ltd., Latur, in ITA.No.795/PN/2011 order dated 31.08.2012. The Tribunal has considered the deci....