2011 (7) TMI 1391

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.... Rajesh Singh i/by Crowford Bayley & Co. for the Respondent ORDER Two questions of law raised by the Revenue in this appeal, which read thus: " (a) Whether on the facts and circumstances of the case and in law the Hon'ble Tribunal was justified in upholding order of the CIT(A) deleting the addition made by Assessing Officer disallowing payment of Rs. 32,85,000/- made to ex- part....

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.... 2008. For the reasons stated therein, the question No.1 cannot be entertained. 3. As regards question (b) is concerned, the finding of fact recorded by the ITAT is that the assessee firm had an Exchange Earners' Foreign Currency (EEFC) Account, the balance of which in the current account as on 31st March, 2003 was U.S. dollars 2,38,168.84/- The rupee valuation of this balance amount in the....