TMI Blog2016 (6) TMI 652X X X X Extracts X X X X X X X X Extracts X X X X ..... ication for sustaining the addition. In fact, there was no reliable material for making the additions. Issue being predominantly in the realm of appreciation of evidence, no interference is called for. - TAX APPEAL NO. 393 of 2016 With TAX APPEAL NO. 394 of 2016 TO TAX APPEAL NO. 395 of 2016 - - - Dated:- 8-6-2016 - MR. AKIL KURESHI AND MR. A.J. SHASTRI, JJ. FOR THE PETITIONER : MR SUDHIR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n of law for our consideration: (A) Whether the ITAT has erred in law and on facts in deleting the addition made by the AO of ₹ 5,93,265/- on account of interest income on alleged advances treating the same as accrued interest ? 2. We have perused the material on record with the assistance of the learned counsel for the Revenue. Issue pertains to charging of interest of alleged a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as nowhere confronted the assessee specifically with these two pages. A vague question under question no.28 has been asked. The question is Today during the course of search proceedings from your house loose paper/documents as per file no. AS-5 page no.1 to 108 are found, which have been seized which are having page no.1 to 108. You check it one by one. I am showing serial wise, explain the same. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it was not got verified. The second argument taken by the assessee is that he has worked as sarpanch for a quite long time and being a political person, so many people might have visited him. All these papers might be belonged to third person who would have visited him for resolution of some dispute. This possibility cannot be ruled out, the AO at least ought to have proved that it is in the hand ..... X X X X Extracts X X X X X X X X Extracts X X X X
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