2008 (10) TMI 678

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....ed following two questions: (i) Whether, on the facts and circumstances of the case and in law, the Income-tax Appellate Tribunal is right in deleting addition of ₹ 71,26,502 made by the Assessing Officer and confirmed the Commissioner of Income-tax (Appeals)-I, Surat ? (ii) Whether, on the facts and circumstances of the case and in law, the impugned order passed by the Income-tax Appell....

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....e Tribunal has deleted the addition. Learned Standing Counsel appearing on behalf of the appellant-revenue reiterated the reasons which weighed with the Assessing Officer for making the disallowance/addition. According to the learned counsel the Assessing Officer had brought on record enough material to make the addition and the Tribunal was not justified in disturbing the concurrent findings reco....

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....ing internally generated, but the Tribunal has found that such a rejection is not warranted. The Tribunal has further found that complete details of Tax Deducted at Source qua the payments made including Permanent A/c. Numbers, names and addresses of parties are available and the entries in regular books of account are made on a day-to-day basis in a chronological manner. It has further been found....