TMI Blog2012 (12) TMI 1194X X X X Extracts X X X X X X X X Extracts X X X X ..... 15% of the 'on money' receipts. - TAX APPEAL NO. 255 of 2012† - - - Dated:- 11-12-2012 - AKIL KURESHI AND MS. SONIA GOKANI, JJ. For the Appellant : S.N. Soparkar , B.S. Soparkar and Mrs. Swati Soparkar For the Respondent : Ms. Paurami Sheth. ORDER Akil Kureshi, J. Assessee has filed this appeal against the judgment of the In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , in the facts and circumstances of the case, the Income Tax Appellate Tribunal was right in law in upholding the observation of CIT(A) by estimating the cash receipts from cellar and ground floor at ₹ 11,60,658/- and ₹ 30,76,009/- respectively and the cheque receipt at ₹ 7,34,918/- and ₹ 20,78,916/- respectively ? (iv) Whether, in the facts and circumstances of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Income Tax Appellate Tribunal was right in law in not allowing the deduction of ₹ 32 lakhs which were expended for vacating the Occupants/ tenants from the land on which the building was constructed ? (vii) Whether, in the facts and circumstances of the case, the Income Tax Appellate Tribunal was right in law in not taking into consideration that action and order u/s 147 were with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bunal. The additions were limited to 15% of the 'on money' receipts. 3. From the impugned orders, we notice that before the Tribunal at the time of hearing of the appeal, the assessee had confined the contentions to one noted above and had not raised any other substantives grounds. That being the position, when the Tribunal accepted the contention of the Tribunal to a larger exten ..... X X X X Extracts X X X X X X X X Extracts X X X X
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