2017 (5) TMI 487

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....) 1.00. Feeling aggrieved and dissatisfied with the impugned order passed by the learned Income Tax Appellate Tribunal dated 7/7/2016 in ITA No.847/Ahd/2010 for A.Y. 2006- 07, by which the learned tribunal has dismissed the said appeal preferred by the revenue and has confirmed the order passed by the learned CIT(A) deleting addition made by the A.O. of Rs. 3,37,58,8900/-, made on account of un....

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.... the basis of the material seized during the search at the place of Kalidas Patel, A.O. made addition of Rs. 3,37,58,8900/- as undisclosed income. 2.01. Feeling aggrieved and dissatisfied with the order passed by the A.O. making addition of Rs. 3,37,58,8900/- towards unclosed income being price mentioned in the sale deed / books of accounts and Rs. 3,43,00,000/- with respect to the aforesaid am....

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....ng addition made by the A.O. made on account of undisclosed investment has been dismissed by the learned tribunal and confirmed the order passed by the learned CIT(A). 2.03. Feeling aggrieved and dissatisfied with the impugned order passed by the learned tribunal, the revenue has preferred the present appeal with the aforestated proposed question of law. 3.00. We have heard Ms.Bhatt, learned....

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....ired to be noted that though the land was purchased by the assessee along with one Bharatbhai Patel, addition made only in the case of the assessee and no addition was made in the hands of his partner Bharatbhai Patel. Considering the above facts and circumstances, when the learned CIT(A) has deleted addition made by the A.O. of Rs. 3,37,58,8900/-, made on account of undisclosed investment and whe....