TMI Blog2013 (8) TMI 939X X X X Extracts X X X X X X X X Extracts X X X X ..... the fact that even the aforesaid was confirmed by Shri Jigar A. Patel, both the CIT(A) as well as ITAT have rightly held that the same cannot be said to be unexplained cash deposit and have rightly deleted the addition - Decided in favour of assessee - TAX APPEAL NO. 241 of 2013 - - - Dated:- 5-8-2013 - MR. M.R. SHAH AND MS SONIA GOKANI, JJ. KM Parikh for the Appellant. ORDER M. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at the assessee was found to have been regularly engaged in the business of sale/purchase of lands, plots of lands and other immovable properties, and cash payment for purchase of land attracted provisions of Section 40A(3) of the Act supported by the decision of Hon'ble Supreme Court in Attar Singh Gurumukh Singh 191 ITR 667? (iii) Whether the ITAT was justified in upholding the order of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... held that the same cannot be said to be unexplained cash deposit and have rightly deleted the addition of ₹ 10,10,000/-under Section 68 of the Income-tax Act made by the Assessing Officer. The relevant observations of ITAT are in paragraph 6 of the impugned judgment and order passed by the ITAT. In view of the above, we see no reason to interfere with the impugned judgment and order passe ..... X X X X Extracts X X X X X X X X Extracts X X X X
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