TaxTMI 
TaxTMI 
2014 (7) TMI 1288
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....s Mr.S.C.Prasad, Adv. with Mr.P.K.Banerjee, Adv. appear and submit ORDER The appeal is directed against a judgment and order dated 16th July, 2013 passed by the Income Tax Appellate Tribunal agreeing with the views expressed by the CIT (Appeal). The learned Tribunal was considering an appeal preferred by the revenue, and a cross objection filed by the assessee. Cross objection of the assessee w....
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....Whether on the facts and in the circumstances of the case, the order passed by the learned Tribunal is bad, illegal and perverse in the eye of law and in the facts of the case; We have called upon the respondent assessee to produce before us a copy of the paper book filed before the learned Tribunal. The assessee has done so. The subject matter of the entire controversy is with regard to Account ....
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....h March, 2006 was Rs. 491.97p. It is possible that during the financial year 2005-06 an aggregate sum of Rs. 48,15,614/- was deposited, but it is also a fact that during the aforesaid financial year from time to time various payments were made. There is no finding recorded anywhere that this expenditures were not on account of business expenditure. Therefore, the position which emerges is that the....