2020 (3) TMI 503

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....lant Mr. Vivek Sethi, Sr. Standing Counsel and Mr. Varun Isshar, Jr. Standing Counsel for the revenue ORDER Ajay Tewari, J. ( Oral ) [1] This appeal has been filed under Section 260A of the Income Tax Act, 1961 against the order passed by the Income Tax Appellate Tribunal, Amritsar, challenging an addition of Rs. 2,48,048/-, which as per the Revenue, was unexplained investment for cons....

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....can be legally sustained in as much as the rate taken by te D.V.O. as per the Office premises and not per the factory rate as the building constructed at Noida were factory premises of the assessee-appellant? (iv) Whether in the facts and circumstances of the case, the addition of Rs. 2,48,048/- on account of alleged unexplained investment in the construction of factory building at Noida ....