2022 (7) TMI 1340

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....counsel for the appellant. This appeal under Section 260 A of the Income Tax Act, 1961 has been filed challenging the order dated 17.01.2022, passed by the Income Tax Appellate Tribunal, Lucknow Bench "SMC" Lucknow in ITA No.205 of 2020 (A.Y. 2014- 15). The basic question involved in the present appeal is with regard to deletion of some amount which was added by the Assessing Officer on the alle....

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....ld that Assessing Officer only quoted facts pertaining to various completely unrelated persons whose statement were recorded and on the basis of unfounded presumptions. He further held that the name of the appellants were neither quoted by any of such persons nor any material relating to the assessee was found at any place where investigation was done by the investigation Wing. The ld. CIT(A) rely....