(Per : HONOURABLE MR.JUSTICE V. M. SAHAI)
1. We have heard Ms. Mauna Bhatt, learned counsel for the appellant and Mr. R. K. Patel for the respondent.
2. Admit.
3. We formulate the following substantial questions of law arise in this tax appeal.
"[A] Whether the Appellate Tribunal is right in law and on facts in confirming the order passed by CIT (A) deleting the addition of Rs.1,04,83,293/- made on account of unrecorded sales?
[B] Whether the Appellate Tribunal is right in law and on facts in confirming the order passed by CIT(A) deleting the addition of Rs.53,13,280/- made on account of cash payments?
[C] Whether the Appellate Tribunal is right in law and on facts in confirming the order passed by CIT(A) deleting the addition of Rs.35,92,423/- made on account of difference in closing balance?
[D] Whether the Appellate Tribunal is right in law and on facts in confirming the order passed by CIT(A) deleting the addition of Rs.27,25,022/- made on account of receipt of cash from Thinsol Chemicals Pvt. Ltd.?
[E] Whether the Appellate Tribunal is right in law and on facts in confirming the order passed by CIT(A) deleting the addition of Rs.45,07,000/- made on account of unexplained investment in FDRs?
[F] Whether the Appellate Tribunal is right in law and on facts in confirming the order passed by CIT(A) deleting the addition of Rs.55 lakhs being unexplained investment in shares?
[G] Whether the Appellate Tribunal is right in law and on facts in confirming the order passed by CIT(A) deleting the addition of Rs.20 lakhs being unexplained investment on marriage?
[H] Whether the Appellate Tribunal is right in law and on facts in confirming the order passed by CIT(A) deleting the addition of Rs.1,84,80,000/- being unaccounted payment for acquisition of properties?
[I] Whether the Appellate Tribunal is right in law and on facts in confirming the order passed by CIT(A) deleting the addition of Rs.61,06,370/- made on account of unaccounted investment in land?
[J] Whether the Appellate Tribunal is right in law and on facts in confirming the order passed by CIT(A) deleting the addition of Rs.8 lakhs made on account of unaccounted payment for property at Thumba?
[K] Whether the Appellate Tribunal is right in law and on facts in confirming the order passed by CIT(A) deleting the addition of Rs.11.52 lakhs made on account of unexplained receipt of cash as premium on sale of solvent?
[L] Whether the Appellate Tribunal is right in law and on facts in confirming the order passed by CIT(A) deleting the addition of Rs.2,53,417/- made on account of unaccounted purchase?
[M] Whether the Appellate Tribunal is right in law and on facts in confirming the order passed by CIT(A) deleting the addition made on account of unexplained advances?
[N] Whether the Appellate Tribunal is right in law and on facts in confirming the order passed by CIT(A) deleting the addition of Rs.2,80,80,954/- made on account of unexplained receipt of cash premium?
[O] Whether the Appellate Tribunal is right in law and on facts in confirming the order passed by CIT(A) deleting the addition of Rs.10,16,14,409/- made on account of on-money on sales in open market?"
4. Paper-book be ready within three months.
[V.
M. SAHAI, J.] [N.
V. ANJARIA, J.] Amit Top