COMMISSIONER OF INCOME TAX Vs. SATISH KUMAR

JUDGEMENT

(1.) THE Revenue has preferred this appeal under s. 260A of the IT Act, 1961 (for short, 'the Act') against the order of the Tribunal, Delhi Bench 'A', New Delhi in ITA No. 1975/Del/2004 for the asst. yr. 2000 -01, proposing to raise following substantial question of law :

(2.) THE AO made addition to the declared amount of the assessee by Rs. 10,50,000 treating the amount of cash credit to be an unexplained income. The CIT(A) reversed the finding of the AO and held that there was no ground for the addition and there was nothing to doubt the genuineness of credit entries. The Tribunal upheld the said finding and observed :

(3.) WE have heard learned counsel for the Revenue and perused the record.