TMI Blog2011 (3) TMI 1638X X X X Extracts X X X X X X X X Extracts X X X X ..... d by the revenue. It is directed against the order of the CIT (A) dated 12th August, 2010 for assessment year 2001- 02. Grounds of appeal read as under:- 1. That on the facts and circumstances of the case and in law the Ld. CIT (A) erred in deleting the addition of ₹ 7,00,000/- made on account of share application money u/s 68 of the Income Tax Act, 1961. 2. That on the facts and circu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or amend any other grounds of appeal. 2. As it can be seen from the grounds of appeal, the department is contesting the deletion of addition of ₹ 7 lac. It is seen that the tax effect on the present appeal excluding interest including surcharge is a sum of ₹ 2,76,850/-. The total income of the assessee as assessed by the Assessing Officer is ₹ 7,19,030/- on which tax effect co ..... X X X X Extracts X X X X X X X X Extracts X X X X
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