2010 (9) TMI 1234

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....t :- We have heard Mr. Bhowmick, Learned Counsel for the appellant in this matter, who wants us to admit the appeal on the following substantial questions of law ;- i) Whether on the facts and circumstances of the case, the Learned Tribunal is justified in law in deleting the addition of Rs. 1,65,46,320/- without considering the provision of Section 23 of the Income Tax Act, 1961 and also th....

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....her coordinate Bench of Learned Tribunal and it was accepted by the same Bench. However, it is recorded that the facts and circumstances of the issue was identically same with that of the assessment year 2005-06. The learned Tribunal while accepting the decision of the coordinate Bench and having found the CIT (A) has followed the decision of the Jurisdictional High Court we do not think the Learn....