(1.) THE Revenue has approached this Court by filing the instant appeal under Section 260A of the IT Act, 1961 (for brevity, 'the Act'), challenging order dt. 5th Sept., 2005 passed by the Income Tax Appellate Tribunal, Amritsar Bench, Amritsar (for brevity, the Tribunal'), in ITA No. 601/Asr/1999, in respect of asst. yr. 1993 -94. It is claimed that following question of law would emerge from the order of the Tribunal for determination of this Court:
(2.) BRIEF facts of the case are that in the year 1994 a search under Section 132 of the Act was conducted on the residential premises of the assessee and during the course of assessment proceedings in respect of asst. yr. 1994 -95 it was observed that the assessee had made certain investments in the year under consideration. Consequently, after recording reasons, notice under Section 148 of the Act was issued to the assessee and in response thereto the assessee filed his return on 25th April, 1997 for the asst. yr. 1993 -1994 declaring his income as Rs. 1,27,610, which was processed under Section 143(l)(a) of the Act.
(3.) THE assessee then filed an appeal before the CIT(A), who upheld the "addition of Rs. 1,13,033, vide order dt. 15th Oct., 1999 (P -2).