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TMI Blog2013 (10) TMI 1416X X X X Extracts X X X X X X X X Extracts X X X X ..... ion of die Income Tax Appellate Tribunal, Panaji Bench dated 12 April, 2013 for the Assessment Year 2007-08. The Revenue has raised the following questions of law : "(1) Whether the Tribunal was correct in facts and in law in deleting the addition of Rs. 6,60,00,000/- made by the Assessing Officer towards the additional sale consideration received in respect of property at Taleigao ? (2) Wheth ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s, on the basis that this represented the additional sale consideration received against the sale of land at Taleigao. In appeal, the Commissioner of Income Tax (Appeals) deleted the addition, holding that the addition was made principally on the basis of an e-mail recovered during the course of search action at the premises of one Harish Jain. The CIT(A) came to the conclusion that during the cou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndisclosed income. The Tribunal, in appeal, has accepted the view of the CTT(A), while holding that the additions have been correctly deleted. We do not find that the findings of facts which have been arrived at by the first appellate Authority and which have been confirmed by the Tribunal, suffer from any perversity to warrant interference in appeal under Section 260A for all these reasons, no su ..... X X X X Extracts X X X X X X X X Extracts X X X X
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