2016 (10) TMI 1373

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..... nst the order of the ld. CIT(A), Alwar dated 14-03-2016 for the assessment year 2007-08 raising therein following grounds:- ''1. On the facts and in the circumstances of the case, the ld. CIT(A) has grossly erred in sustaining the addition of Rs. 2,99,981/- made u/s 40A(3) of the I.T. Act, 1961 without appreciating the fact that return of income was filed by the assessee on presumptive basis u/s .....

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..... 5 in ITA No. 734/JP/2015. Hence, this issue is covered in assessee's own case which may kindly be considered. 2.2 The ld. DR relied on the orders of the authorities below. 2.3 I have heard the rival contentions and perused the materials available on record. I find merit in the submission of the ld. AR of the assessee that similar issue was decided by this Bench in favour of assessee vide its .....

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..... und. Thus the appeal of the assessee is allowed.'' Respectfully following the order of ITAT (SMC) Jaipur Bench dated 12-04-2016 in assessee's own case (supra), I direct to delete the addition of Rs. 2,99,981/- confirmed by the ld. CIT(A) as the issues raised by the assessee are covered by ITAT order dated 12-04-2016. 3.0 In the result, the appeal of the assessee is allowed. Order pronounced .....

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