BHANWAROO KHAN CHOPDAR Vs. INCOME TAX OFFICER

JUDGEMENT

(1.) By way of this appeal, the appellant has challenged the judgment and order passed by the Tribunal, whereby the Tribunal has allowed the appeal filed by the assessee for statistical purposes and they have rejected the part of the appeal and added income under Section 69 of the Income Tax Act.

(2.) While admitting the appeal this Court framed the following substantial questions of law :-

(3.) Counsel for the appellant contended that the Tribunal has committed a serious error inasmuch as the amount which was deposited in several accounts on application on behalf of Anil Kumar, Rajendra Singh, Dayal Singh and Puranmal Pareek was tendered from his account. Learned counsel has taken us through the observation of A.O., which reads as under:-