2012 (5) TMI 842

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..... Per George Mathan : 1. This is an appeal fi led by the Revenue against the order of ld. Commissioner of Income Tax(Appeals)-XI I , Kolkata in Appeal No. 225/CIT(A. )-XII/R-12/10-11 dated 01.11.2011 for the assessment year 2008-09. 2. In revenue's appeal, the Revenue has raised the following grounds: - 1. That, on the fact s and in the circumstance s of the case, the CIT(A) has er red in deleti .....

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..... 77; 44,03,180/-. I t was the submission that as the not ices had been returned back 'unserved', and the Assessing Officer had treated the said liability in respect of three persons as bogus liability and added the same to the total income of the assessee. It was the submission that the ld. CIT(Appeals) had deleted the same holding that the addition represented the closing balances appearing in the .....

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..... ideration the fact that the assessee was having continuous transactions with the said three persons and they are also registered in sales tax. The assessee is having VAT No. and the payments to them were through account payee cheques. This finding of the ld. CIT(Appeals) has not been disputed by the revenue or shown to be perverse. In the circumstances, the addition made by the Assessing Off icer .....

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