2017 (7) TMI 1102

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....ceptions. ITA 56/2017 2. This is an appeal by the Revenue against the order dated 29th July, 2016 passed the Income Tax Appellate Tribunal ('ITAT') in ITA No. 3032/Del/2012 for the Assessment Year ('AY') 2004-05. 3. The Revenue is aggrieved by the order of ITAT whereby it deleted the addition of Rs. 80,50,000 to the income of the Respondent/Assessee by the Assessing Officer ('AO'), which order ....

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....paper containing estimates in relation to the Omaxe Plaza project of the company was with him in that capacity. The CIT (A) rejected the above explanation on the ground that seized document nowhere contained the name Omaxe Ltd. Since the said document had been seized from the residence of Assessee, the CIT (A) drew a presumption under Section 292C of the Act was that it belonged to him. Further, t....