2018 (9) TMI 1095

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.... ORAL ORDER   (PER : HONOURABLE MR.JUSTICE M.R. SHAH) 1. Feeling aggrieved and dissatisfied with the impugned order passed by the learned ITAT dated 27.07.2017 passed in IAT No.2870/Ahd/2013 for Assessment Year 2010-11, the Revenue has preferred the present Tax Appeal with the following proposed questions of law:- "Whether the Appellate Tribunal was right in law and on facts in upholding....

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....ssessing Officer made the aforesaid addition on the ground that the assessee firm signed in the sale deed as confirming party, which, as such, was between the partners of the assessee firm in their individual capacity. However, on an appeal by the assessee, the learned CIT (Appeals) deleted the addition of Rs. 4,72,31,590/- observing that when the assessee firm as such was not the party to the tra....

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.... firm with respect to the transaction of transfer of certain lands and that the transaction was in favour of the partners of the firm in their individual capacity and that no similar addition was made in the hands of those partners in their individual accounts and that as such, the addition was made by the Assessing Officer in hands of the assessee as "protective addition", it cannot be said that ....