2018 (1) TMI 1396

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....ing Counsels For the Respondent : None ORDER The Revenue is aggrieved by an order of the Income Tax Appellate Tribunal (' ITAT'). The ITAT had on the merits upheld the sum of Rs. 1,14,12,184/- brought to tax under Section 68 of the Income Tax Act, 1961 ('the Act') on the ground that the assessee had claimed bogus expenses for A.Y. 2002-03. The Revenue urges that the ITAT findings are cont....

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....on appeal, the CIT(A) deleted the additional sum i.e. Rs. 1.14 Crores after verifying the expenses and observing that the payments were made through banking channels and that the service providers, in respect to whom expenses were claimed, were income tax assessees. The ITAT confirmed these findings. Upon an overall conspectus of the circumstances, it is evident that the CIT(A) carried out a de....