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aifiengeéere 1 CIC§§"i"§?"EQE\3 rm. N0 . 3334;-' B:e~ez;_;'£Z_{_J{16,"

?33/gang/2096 for the Assessment Year 2QG3'":C34',AVV.2'ij'G2:.""-, * {)3 reepectivety praying to fermuiate :_n.e,_"s:ub~s;t~am.ia1'~ questions of law statee therein; e§§_0»w..t.he aepe'ae£.%3and_":;et._V aside the ercier gassed by the ITAT, B_ee§;a'£e:'e én 'I753 'I"\;§j¢j;_. A' ?33;Bang/2006*, nreenspectmezy e t§'%e--n..A1Xp'pe|*Eafe ' a Commissioner and Coefirm' .tE*#'eV erde; ;3_as:~;ed._:""'e§;r 'the * ' v_§an:;T'ai<:>:€é~.,._ The Income Tax Apgeai E*~§os.61?, 621 are fiied Li/5 260%. of {she Income Tax Act, 195d arigmg out of C>..r__::¥e;' dateé 13.12.2037 passad in Ii§V--'s,§iic'735/Bahgj2,{}C[;6, 736;/'E3ar1g;'20(36 fer the A$se3smeht Year 2801-82-;._"2{}'€32fi:_' G3 arespectiveiy praying is fmrmuiate the 3*i_;i§3«s:.':'a.=._rjii"{iIé--3._i_ questiaris of iaw stated therein, aiiow the awe"-:"a'§S a;:'dh."$i:3t"'--i ' aside the order pas$ed by the ITAT, Ba:":ga§r:>z?fe_jé{;'1*7I.f;i:»._§\:x;i." _ < {i a_f:e<:i'i'V., 13.12.2{}Ci? C{)l"ifi¥Ti'"1iflg the Grdierg _,_®if; ':hé:«_"mi:-;}e:aiLiat§ii' Commissioner and Cenférm the a'O$"dbi'.2FA' pa'$'§~e{§--..V'i:;5;"
-{B332 Sn. €§'e;thaeye'E<5i<, em 8;': Regheremf Aevsxjg ' ..Sr§-..,__§V%. :i»f;E"':3..je$E":ac§":a§ai Adveceteé This Income Tax Appeai fiied uxs 26cm ofithe Income Tax Act, 1961 arising out sf Ordeaé"*~da«:e'd' 13.12.2007 passed in ITA.N0.?39/Bang;'ZGG6""-fa;____"E:~%e§24~~. Assessment Year 2001-02 praying ta fernfiulate'<C'{hee'":
substantiai questions of law stated therei.nv,_"'VVaE'3o14%:_the"

appeai and set aside the order.~p'ass«ed?_ by4"th'e "ETAT; Bangakore in ITA No. 739;'Bang;'2OO6AATajata?:d"_13_.3.~2.'.-2OQ7_' confirming the orders of the Appei€at'e. CommiVSs§on.er_:'a§}d-.. confirm the order eassed by the Assisi_a'nt C0rm--T:i.$sione;r Q5 Income Tax, Central Circie --~« 2-{_3'}.;V_VBanga§o:"e_. ' IN I.T.A.NOs.630, 63?,,.6 41 of-e12é§_g'e'-ee.Z BETWEEN CentraE Ciriiie '}:;= V . ~ C. R. Ba1;i§'d§;'a£i ' V V Queens 'E?_._eaié_:i Bang-a--§-ere"~~e_

substantiai questiens; of Eaw stated thes*e%»:2.,..__"a§i0v;i the"

appeal and set aside the or"der.:pas.sed~'_4by. Ehe IT.AT,7.. Bangaiore in ITA N0. 729/Bang/2»OG6...daterj. "1.3--..1'2...'2.Q0.:?...I confirming the orders of the Appeilate:.CA0mm§3si-oner"a'r2.;:E"= This Inceme "fax Appeai fiied :3/s 26{}-A e1"i',_"th.e Inceme Tax Act, 1961 arising out of Order-f"'d_a't.e'ti 13.12.2007 passed in ITA.No.663{Bang/2003*-fez'..___etE5se'~~. Assessment Year 200102 praying tr.) fermzafiate'n.'t?1e"'--."

fivzietiatee. when eeteetsity in aeeieeiatieg the mateiiai en 3-4 record by the appeiiate authorities being net the gretmd of chaiieiige, the Revenue cannot question the same is his efifs cohtentioii. According te him, application; Expiarievti.c_:m_4_(*:3v) is not a question of law, which entireiy question cf fact and the same is dhetahit'with"by-.a'_':§i'ri'ei"factV4 "' finding authority and Revenue ceina'i;:'tr..agiétate. ii'i'i'i@:fi'5si3AE'fii:.~.'_:

again and again. Aecording'iV_te...V.himp,'-.seai<:i'i*',:teem...,iia.*i/ingi chosen to take the st_ateri"ieiit_i:"'i-ii the rérmai or? fashion which they have takenv by'A--.pti.ttih'g--.'q~:i:'ee.tion and answer, it is binding env aEi:.'t'§'i€. have signed cenfirrhing t.hVeij'--sei'ii:e'.$"ihe questions and answets CEO net'j'r§%iat¢"i».i%...any individual persen i,e Mi'. Sritihar ar'id._4aii,V the q'u_e'5t.i_'Cns were answered fer the entire aeieiinvti"diseieis'e-ti.___ti_i,iAring the seaieii reietiiig te entire »i;a;'i*eiViy,.i_v'«?iiiiie'i:=.eub}eetee te tax. "iiierefere there E3 tie g §i'@i4.ii*i:.gE;"v;iVV§§"§8i1)i€ te the eeeeiieet - Revenue ie eiieiieege tee-~eée:ti'e iii the eieseht eeeeeie, 8* In reply; the learned counsel for the Revenue Mr. Sheshachaia has taken us through paragraphs 21, 26_and 2? of the erder of the Tr§b:.maE te centend that devr§.\{a.i4p_te.f origin ef undisdosed inceme explained by Mr. Sridhar could be at the most a__ceepted _-fer'"iw:é3jj.sVé'}fv"a.nd._ "' it cannot be an expianatien or ansx?v.er;i_"n restpect ef c5t:fi'er's?1.s_: