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ITO-1(2), Bhopal Versus Dharmendra Pandit - 2012 (9) TMI 581 - ITAT INDORE - Income Tax
......... documentary evidence can be produced by the assessee from the retail business is always not possible. No other documentary evidence was brought on record by the learned Assessing Officer except suspecting the deposits made by the assessee. Therefore, we find no justification to interfere with the findings of the learned CIT(A) and confirm the same. In view of the above, we find no merit in the appeal of the Revenue. 3. So far as the cross objection of the assessee is concerned, since we have affirmed the stand of the learned CIT(A) by dismissing the appeal of the Revenue, the cross objection has remained for academic interest only. Even otherwise, the cross objection is in support of the impugned order. Therefore, the cross objection is also dismissed being infructuous. Finally, the appeal of the Revenue as well as the cross objections of the assessee are dismissed. This order was pronounced in the open Court in the presence of ld. Senior DR at the conclusion of the hearing.