2020 (10) TMI 882

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....MR. JUSTICE J.B.PARDIWALA) This Tax Appeal under Section 260A of the Income Tax Act, 1961, is at the instance of the Revenue and is directed against the order passed by the ITAT, Ahmedabad Bench 'A', Ahmedabad, dated 9th January 2020 in the ITA No.1261/Ahd/2016 for the Assessment Year 2012-2013. The Revenue has proposed the following substantial question of law for the consideration of this Cour....

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....ts and ultimate resolution of the dispute, we are of the view that in this year, no asset came into existence in the name of the assessee, which requires to be shown in the books of accounts. The ld. AO has simply assumed certain facts, and assumed existence of unexplained asset which requires to be added under section 69 of the Act." Thus, there is a concurrent finding of fact recorded by the tw....