2009 (2) TMI 10

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....r Section 260A of the Income Tax Act, 1961 (hereinafter referred to as the 'Act') against judgment dated 09.05.2008 passed by the Income Tax Appellate Tribunal (hereinafter referred to   as the 'Tribunal') in ITA no. 4218/Del/04 pertaining to assessment year 2001-02. 2. The only issue which arose for consideration before the authorities below was with respect to the addition of an amo....

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....epartment that none of the parties involved in the transaction had paid any tax in respect of the said transaction. 3. Aggrieved by the order of the Assessing Officer the assessee had preferred an appeal before the Commissioner of Income Tax (Appeals) [hereinafter referred to as the 'CIT(A)']. The CIT(A) (by a well-reasoned order) deleted the addition made by the Assessing Officer. 3.1 The R....