2017 (3) TMI 1829

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....of the Tribunal whereby Tribunal has dismissed the appeal preferred by the department. 2. Counsel for the appellant has framed the following substantial question of law:- "Whether on the facts and circumstances of the case and in law, the Hon'ble ITAT is justified in upholding the decision of CIT(A) of deleting the addition of Rs. 80,00,000/- made by the AO on account of retraction from income ....

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....was mentioned that since it was a big account the appellant company did some personal trading from this account. In response to question no. 42 it was mentioned that these kind of transactions were not done in earlier year but only during this assessment year and these transactions resulted in a Net Profit of Rs. 80,00,000/-. This amount was not reflected in the regular books of accounts so the am....