TMI Blog2013 (12) TMI 363X X X X Extracts X X X X X X X X Extracts X X X X ..... escribed limit - Decided against Revenue. - Income Tax Appeal No. - 432 of 2008 - - - Dated:- 2-3-2012 - Hon'ble R.K. Agrawal And Hon'ble B. Amit Sthalekar,JJ. For the Petitioner : A. N. Mahajan ORDER Present appeal under Section 260-A of of the Income Tax Act, 1961 (hereinafter referred to as the Act) has been filed against the order dated 26.10.2007 passed by the Income Tax Appell ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ision of Hon'ble Supreme Court in case of CIT West Benal II vs. Durga Prasad More reported in 82 ITR 540 (SC), wherein it was held that incomje tax authorities are enttiled to look into the surrounding circumstances to find out the reality. 3.Whether on the facts and in the circumstances of the case, the Hon'ble Income Tax Appellate Tribunal was justified in law, in not appreciating the decision ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the present case of the assessee. The A.O. was prima facie satisfied for taking action under Section 158 BD in the case of the asessee as the seized material as per Aannexure A-3 and A-4 showed that on- money of Rs.2,00,000/- had been paid for booking of the flat No.408 which was under the ownership of the assessee. The appeal relates for Block Period ending on 18.11.1998. The respondent-asses ..... X X X X Extracts X X X X X X X X Extracts X X X X
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