(Per : HONOURABLE MR.JUSTICE V. M. SAHAI) We have heard Mr. M. R. Bhatt, learned Senior Standing Counsel for the appellant - revenue.
ADMIT.
We formulate the following substantial questions of law for consideration of this Court :-
"[A] Whether the Appellate Tribunal is right in law and on facts in deleting the addition of Rs.1,83,140/- made on account of unaccounted investment in Krishna House even when the assessee himself has admitted the unaccounted investment in statement recorded under Section 132 (4) of the IT Act ?
[B] Whether the Appellate Tribunal is right in law and on facts in deleting the addition of Rs.20,00,000/- made on account of on money payment made for the purchase of Bungalow which are based on the valuation report of Government approved Valuer as well as the value determined by Stamp Duty Authority ?
[C] Whether the Appellate Tribunal is right in law and on facts in deleting the addition of Rs.9,32,811/- made on account of investment in interior and construction of Bungalow even when the assessee himself has admitted the unaccounted investment in statement recorded under Section 132 (4) of the IT Act ?"
Issue notice to the other side. Paper book be filed within 3 months.
[V.
M. SAHAI, J.] [N.
V. ANJARIA, J.] Savariya Top