TMI Blog2011 (11) TMI 434X X X X Extracts X X X X X X X X Extracts X X X X ..... the basis of evidence produced on record. The Tribunal was justified in deleting the addition made on account of unexplained deposits in the bank account. - Decided against the Revenue. - ITA No. 894 of 2010 (O&M) - - - Dated:- 14-11-2011 - MR. JUSTICE HEMANT GUPTA, MR. JUSTICE G.S. SANDHAWALIA, JJ. Present: Shri Rajesh Katoch, Advocate, for the appellant. Ms. Radhika Suri, Advoca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... de the books of account on the alleged purchase of shares. The said questions of law are said to have arisen out of the order passed by the Income Tax Appellate Tribunal, Chandigarh Bench (for short `the Tribunal ) vide order dated 26.2.2010 in ITA No. 174/Chd/2008 for the assessment year 2003-04. The assessee declared long term capital gain on sale/purchase of the shares of M/s Master Trust Ltd. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es of M/s Master Trust Limited for Rs.3,03,000/- through M/s Deepak Share and Stock Brokers Pvt. Limited on 16.3.2001. The said shares were sold on 24.5.2002 for a sum of Rs.19,54,500/- through M/s R. Kohli and Company. It also found hat the assessee has earned profit of Rs.3,03,575/- on the date of purchase of shares of M/s Himachal Futuristic Limited and invested in the purchase of shares of M/s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .3.2002. The transactions of sale and purchase were as per the valuation prevalent in the Stocks Exchange. Such finding of fact has been recorded on the basis of evidence produced on record. The Tribunal has affirmed such finding. Such finding of fact is sought to be disputed in the present appeal. We do not find that the finding of fact recorded by the Commissioner of Income Tax in appeal, gives ..... X X X X Extracts X X X X X X X X Extracts X X X X
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