2020 (3) TMI 1378

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....v. The Court : By an order of the tribunal dated 8th October, 1999, the appeal of the assessee was partly allowed by setting aside the impugned block assessment and directing the assessing officer to examine the facts of the case once more after hearing the assessee, taking into account "further developments in the block assessment" and make a fresh assessment order. Rs. 1186 lakhs were adde....

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.... grounds were taken : (i) That the A.O. was wrong in making addition in reassessment on the new issue, which was not subject to the set aside assessment by the ITAT in Appeal No. 17(SS)A No. 54/Cal/98 dated 8.10.99. As such, new addition of Rs. 12,41,80,000/- (mentioned in course of hearing as Rs. 12,41,00,000/- in reassessment is bad in law and not permissible as per law, need to be dete....

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....himself gives finding that SWCL, had siphoned off in cash through dubious methods in league with several person. This shows that the money does not belong to the assessee and belongs to SWCL and sources of deposit in two Bank A/cs. Stands well explained. As such, addition need to be deleted. We find also from the impugned order of the tribunal dated 31st March, 2005 that the tribunal has not ad....