THE PRINCIPAL COMMISSIONER OF INCOME TAX FARIDABAD vs. M/S PIYUSH COLONIZERS LTD.

The appeal is dismissed

Bench: MR. JUSTICE AJAY TEWARI,MR. JUSTICE AVNEESH JHINGAN

Section 260A of the Income Tax Act, 1961 (for short, 'the Act') against the order dated 28.12.2018 passed by the Income Tax Appellate Tribunal, New Delhi (for short, 'the Tribunal') claiming following substantial questions of law: “(i) On the facts and in the circumstances of the case the Ld. CIT (A) and the Ld. ITAT have erred on facts

M/S.ESCORTS EMPLOYEES ANCILLAR vs. ADDL.COMMISSIONER OF INCOME TA

Bench: MR. JUSTICE AJAY TEWARI,MRS. JUSTICE ALKA SARIN

260A of the Act are as under:- “1. Whether on facts and in the circumstances of the case, the ITAT was right in law in substituting distinct additions made by the Assessing Officer on account of unexplained investments/deposits on the basis of examination of seized records by additions worked out on account of peak investment, profit on unrecorded sale