2011 (2) TMI 1555

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.... under Section 260A of the Income-Tax Act is at the instance of the Revenue and is directed against Order dated 21st September, 2000 passed by the Income-Tax Appellate Tribunal, E Bench, Calcutta in I.T.A. No.2313(Cal) of 1994 relating to the assessment year 1986-87. A Division Bench of this Court formulated the following substantial questions of law for determination of this appeal :- ....

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....wherein the Assessing Officer added a sum of Rs. 9,15,000/- on account of undisclosed source of income of the assessee and called for an explanation from the assessee. The assessee, as it appears from records, explained that those amounts were received from various share applicants and the names and addresses of those persons were mentioned and their Permanent Income-Tax Account numbers, paymen....

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....tified. Being dissatisfied, the Revenue preferred an appeal before the Tribunal below and by the order impugned herein, the said Tribunal has affirmed the order passed by the Commissioner of Income-tax (Appeals). Being dissatisfied, the Revenue has come up with the present appeal. After hearing the learned advocate for the appellant and after going through the materials on record, we are ....