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2016 (9) TMI 7 - HC - Income TaxAddition on profit from Suryarath Scheme - ITAT deleted the addition - Held that:- The assessee had already disclosed the receipts as per the sale and there is no scope for further additions. This view of the Commissioner of Incometax (Appeals) was confirmed by the Tribunal. Entire issue was thus based on facts and upon apprehension of materials on record with the Commissioner of Incometax (Appeals) and Tribunal concurrently held that the evidence on record do not suggest any income earned by the assessee, over and above which was disclosed which was in tune with the development agreement. - Decided against revenue.
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