2013 (1) TMI 1060

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....e has challenged before us the order of the Income Tax Appellate Tribunal ("the ITAT" for short) dated 29.12.2011 under section 260A of the Income Tax Act ("the Act" here-in-after) raising following substantial question for our determination : "Whether on the facts and circumstances of the case, the Hon'ble ITAT has erred in law in dismissing the appeal filed by the Revenue against the order of ....

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....ly with requisite proof. However, the Assessing Officer dissatisfied with such evidences treated the entire amount as unexplained and unverifiable and added to the income of the assessee. 3. When challenged before the CIT(Appeals) it deleted the entire addition on having found that the payments had been made by the respondent assessee by Account Payee cheque and the said payments were credited in....