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2022 (7) TMI 1208 - AT - Income TaxUnaccounted investment towards the purchase of the property - element of payment of cash to the outgoing Doctors - cash component in making payment towards the consideration of the property for consideration of the hospital - CIT-A deleted the addition - addition made by the Ld. AO since on the basis of the statement made by this doctors admitting cash payment for the purchase of the land in question - HELD THAT:- As we have already discussed on the observation made by the Coordinate Bench on the identical issue involved in this matter in DR KEYUR PARIKH & OTHERS VERSUS ASSTT COMMISSIONER OF INCOME TAX & OTHERS [2013 (11) TMI 1242 - ITAT AHMEDABAD]relation to the addition on the ground of unaccounted investment for the purchase of land whereby and whereunder it has been repeatedly hold that there was no evidence found in the possession of Revenue to hold that assessee had in fact made unaccounted investment towards the purchase of the property or was there any element of payment of cash to the outgoing Doctors, we at this stage find no reason to deviate from such stand taken by the Coordinate Bench in holding otherwise. We note that since the issue has already been decided there is no basis of agitating the same issue repeatedly by the Revenue in repeated litigation. We, therefore, find no ambiguity in the order passed by the Ld. CIT(A) in deleting the addition passed by the Revenue in view of the order passed by the Coordinate Bench in holding no unaccounted investment found towards purchase of the property in question. We, therefore, upheld the same. The Revenue’s appeal is, thus, found to be devoid of any merit and hence dismissed.
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