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2015 (8) TMI 120 - AT - Income TaxUnexplained expenses in respect of Motia Khan Property - CIT(A) deleted the addition - Held that:- It is clear that the Settlement Commission has not made any further addition in respect to the Property at Motia Khan, Karol Bagh. The Settlement Commission has however made an addition of ₹ 5 crores in the hands of both Pradeep Aggarwal Group and Dinesh Jain group on account of unexplained transactions (recorded on loose papers) in respect of the properties brought before the Settlement Commission and hence any further addition made by the Assessing Officer would result in a case of double addition. Thus the addition of ₹ 47,02,750/- made by the Assessing Officer has rightly been deleted by the Ld. CIT(A). Therefore, we do not see any reason to interfere with the well reasoned order of the Ld. CIT(A), accordingly, we uphold the same and decide the issue against the Revenue - Decided in favour of assessee.
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