(1.) THIS appeal has been filed by the assessee against the order of Commissioner of Income Tax (Appeal) -II, [in short CIT(A)] Pune, dated 11.10.2012 for A.Y. 2004 -05 on the following grounds.
(2.) 1] The learned CIT(A) erred in holding that the addition was justified for the following reasons -
(3.) ON the other hand, the stand of learned Departmental Representative has been as under: