2020 (3) TMI 503

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....g 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 construction which the appellant had carrie....

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....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 can be sustained at law the same being based on mere presumptio....