2007 (7) TMI 701

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.... JUDGMENT J.P. Devadhar,  1. Heard.  2. In this Appeal filed under Section 260-A of the Income Tax Act, 1961, the appellant-assessee has formulated the following questions of law from the order of the Tribunal dated 10th November, 2003 passed in I.T.A. No.6488/Mum/97.  1. Whether in the facts and in the circumstances of the case, and in law, the Tribunal erred in t....

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....ed by the assessee, the CIT (A) partly allowed the assessee's appeal on the basis of the remand report of the Assessing Officer. On further appeal filed by the assessee, the Tribunal partly allowed the appeal and confirmed the additions of Rs. 25,000/- each received by the assessee from two cash creditors namely Shri D.K. Sanghvi and M/s.Aqua Trade mainly on the ground that the said two creditors ....