2018 (5) TMI 902

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....espondent : Shashank S. Hegde, Adv. JUDGMENT Mrs. S. Sujatha J - These appeals are filed by the Revenue under Section 260A of the Income Tax Act, 1961, (for short the 'Act') challenging the orders of the Income Tax Appellate Tribunal, Panaji Bench, Panaji (for short the 'Tribunal') in M.A.No.13/PAN/2015 in ITA Nos.184 to 186/PNJ/2014 and in M.A.No.53/PAN/2015 in ITA No.413/PN....

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....orders of the CIT(A), the Revenue preferred appeals before the Tribunal, which came to be dismissed holding that there was sufficient opening balance of cash in hand as on 01-04-2005 for each year by referring to the order of CIT(A) for the different assessment years. It was further held by the Tribunal that the Revenue has not contested the orders of the CIT(A) relating to the preceding assessmen....

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.... the prescribed for filing an appeal by the Revenue?" 6. Learned counsel, Sri. Y.V. Raviraj appearing for the Revenue would submit that it is trite law that a finding given by the CIT(A) having reached finality for not challenging the same by the Revenue due to monetary limits as provided under the CBDT instructions would not be a ground for the Tribunal in not providing an opportunity to the R....

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.... while dismissing the appeals filed by the Revenue. Hence seeks to answer the substantial question of law against the Revenue. 8. We have heard the learned counsel appearing for the parties and perused the material on record. 9. The sole question involved in these appeals is relating to the unexplained money in the bank accounts of the assessee relying upon the brought forward balance for th....