2018 (6) TMI 1700

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....RDER N.K. Billaiya, Accountant Member,    This appeal by the Revenue is preferred against the order of the CIT(A)-XXV, New Delhi dated 21.10.2011 pertaining to A.Y 2008-09.   2. The solitary grievance of the Revenue  is that the ld. CIT(A) has erred in deleting the addition of Rs. 73.85 lakhs made by the Assessing Officer on account of undisclosed income held by the As....

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....d money of Taneja Group run by Shri Ajay Taneja and since the assessee being a Nepali national and an employee with Taneja's has no means either to conduct a business or to pay the alleged payments.  Accordingly, the Assessing Officer made the addition of Rs. 74,85,500/- in the hands of the assessee on protective basis.   4. The assessee strongly agitated the matter before the ld. CIT....