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2011 (10) TMI 589 - AT - Income TaxUnexplained income of u/s 68 - Held that:- We uphold the order of the Ld. Commissioner of Income Tax (Appeals) directing that the addition of ₹ 3,43,00,000/- is liable to be deleted. Since the addition of ₹ 3,43,00,000/- u/s. 68 has been deleted, we agree that the there is no basis for sustaining the addition of ₹ 6,86,000/- u/s 69C, the same is also directed to be deleted. Hence, we uphold the order of the Ld. Commissioner of Income Tax (Appeals) and decide the issue in favour of the assessee. Hence, the Revenue’s appeal stands dismissed.
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