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2014 (5) TMI 747 - HC - Income TaxDeletion of addition – Unexplained income, investment and purchase of agricultural land – Held that:- No substantial question of law worth consideration in the case - The concurrent findings recorded by the CIT(A) and ITAT are essentially the findings of facts and have obviously been rendered after due appreciation of the material on record, as also on the relevant considerations - The Tribunal appears justified in observing that Shri Jessa Ram was neither examined in the presence of the assessee nor was allowed to be cross-examined by the assessee and hence, his statement could not have been relied upon against the assessee. The deposits made by Shri Jessa Ram in his bank account cannot be taken as proof of the receipt from the assessee on that particular date - the procedure and system of accounting of a third party was not a matter within the control of the assessee and merely with reference to the entries made by a third party, conclusion could not have been drawn against the assessee-respondent - the CIT(A) and the Tribunal have set aside the additions made by the AO after being satisfied that all the payments and receipts were fully explained - the matter only relates to the findings of facts and rests on appreciation of evidence -The appellate authorities have recorded the findings of facts concurrently after due and proper appreciation of evidence – Decided against Revenue.
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