2010 (9) TMI 109

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..... for brevity "Act, 1961") challenging the order dated 11th September, 2009 passed by the Income Tax Appellate Tribunal (in short "Tribunal") in ITA No. 3091/Del/2009 for the Assessment Year 2005-2006. 2. Ms. Sonia Mathur, learned senior standing counsel for Revenue submitted that the Tribunal had erred in law in upholding the action of Commissioner of Income Tax (Appeals) [in short "CIT(A)"] of ad .....

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..... rther, in the remand proceedings neither the A.O made any averment that the deposit in the saving bank account was an amount other than the sale proceeds of the assessee's business nor did he make any other adverse finding in regard to the said deposit. Consequently, we do not find any legal infirmity in the action of the two authorities below in reducing the addition to Rs. 93,282/- being the amo .....

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