Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2021 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (12) TMI 1206 - AT - Income TaxAssessment u/s 153A - Addition of interest income - CIT-A deleted the addition - HELD THAT:- We find force in the submissions of the ld. AR that the interest income added by the AO without any incriminating material being found during the search for the FY 2008-09 to 2011-12 are not sustainable. No new facts and circumstances of the case has been put forth by the ld. CIT-DR. The ld. CIT(A) has passed a well speaking order discussing all the material facts and circumstances as well as legal proposition of law, therefore, considering the totality of the facts and circumstances, we do not find any reason to interfere or deviate from the findings so recorded by the ld. CIT(A), accordingly, we uphold the same. - Decided against revenue.
|