(Per : HONOURABLE MR.JUSTICE V. M. SAHAI) 1.0 We have heard Mr. Pranav G. Desai, learned counsel for the appellant.
2.0 Admit.
3.0 We formulate the following substantial questions of law.
"[A] Whether, on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal is right in law in interpreting the provisions of Section 153A of the Income Tax Act to mean that the Assessing Officer cannot made addition on the basis of post search inquiries as the same is a matter of regular assessment?
[B] Whether, on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal is right in law in deleting addition of Rs.1,49,420/ made by the Assessing Officer on account of long term capital account?"
HC-NIC Page 1 of 2 Created On Fri Jan 22 02:11:15 IST 2016 TAXAP/395/2011 2/2 ORDER 4.0 Issue Notice to the respondent. Paperbook be ready within three months.
[V. M. SAHAI, J.] [N. V. ANJARIA, J.] Amit HC-NIC Page 2 of 2 Created On Fri Jan 22 02:11:15 IST 2016