9911796707
TMI Blog2015 (7) TMI 485X X X X Extracts X X X X X X X X Extracts X X X X ..... r of the Income Tax Appellate Tribunal dismissing the appeal against the order of the CIT (Appeals). 2. The matter pertains to the assessment year 2009-2010. The AO noticed a cash deposit in the appellant's savings bank account of Rs. 11,04,167/-. The amount had been deposited in cash in the appellant's bank account. The AO observed that the gross turn-over was only Rs. 4,21,855/- and, therefore, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ore, fairly granted the appellant relief by directing the AO to make addition of only peak of the deposits in the bank account after getting the details from the appellant. These are pure questions of fact which require the appreciation of evidence. No question of law much less a substantial question of law arises in this regard. 3. The AO had also found that the appellant had deposited a sum of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of cost of acquisition of the earlier property and granted the appellant relief to that extent. The cost of acquisition of the new property was, therefore, reduced from half of the sale price taxed by the AO as capital gain. Accordingly, the short term capital gain was held by the CIT (Appeals) to be Rs. 25,01,880/-. The second issue also does not raise a substantial question of law. 4. The appea ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
