2004 (5) TMI 18

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....Department) under section 256(2) of the Income-tax Act, 1961, seeking a reference to be made to this court on certain questions of law which according to the Revenue arise out of the order passed by the Tribunal for being answered by this court under section 256(1) of the Act. This application arises out of an order dated June 25,1993, passed by the Income-tax Appellate Tribunal, Indore, in I.T.A ....

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....and hence, we do not find any merit in this application. In our opinion, the issue involved in this case relates to addition/deletion of certain amount under section 69 of the Act. The authorities while accepting the explanation offered by the assessee deleted the addition. In other words, the impugned addition was not sustained in view of the satisfactory explanation offered by the assessee in r....