2009 (11) TMI 38

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....evenue has preferred this appeal under Section 260A of Income Tax Act, 1961 (for short, "the Act") against the order of the Income Tax Appellate Tribunal, Delhi Bench "I" New Delhi in IT (SS) No. 381/Del/2005 dated 31.8.2007 for the block period 1997-98 to 2003-04, proposing to raise the following substantial questions of law:- "Whether on the facts and in the circumstances of the case, the find....

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....ome. The observations of the Tribunal are as under:- "...In the present case the assessee has satisfactorily explained the source of money recovered from him. At the same time it is clear from a reading of Section 69 that before the amount is said to be unexplained and is added as income of the assessee, opportunity should be provided to the assessee to explain the source. The assessee's income i....