2017 (10) TMI 1353

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....ARKAR, ADVOCATE FOR THE RESPONDENT ORAL ORDER (PER : HONOURABLE MR.JUSTICE AKIL KURESHI) 1. Revenue is in appeal against the judgment of the Income Tax Appellate Tribunal raising following questions for our consideration: "[A] Whether the Appellate Tribunal erred in law and in facts in deleting the addition made on account of unexplained investment in properties as per the diarie....

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.... cash transactions recorded in terms of rupees in crores. The assessee, however, denied this suggesting that these figures represented the calculations for the purpose of vastu shastra. CIT (Appeals) as well as the Tribunal concurrently held that there was no material suggesting that the figures indicated in loose papers represented assessee's cash transactions. This was thus purely a question....