under:
4. The complainant filed a complaint that he was
having three Telescopes having description as Bushnell
Banner Telescope 3x9 variable powers, new brand
condition ... other two Telescopes of Bushnell Range
Finder 4x9 variable powers new brand conditions which
were brought by him from USA by clearing it from
unexplained cash
credit, holding that the assessee is entitled for the telescopic
benefit of the income surrendered during the year to the cash
deposit ... respondent pointed out to the
Assessing officer that he is entitled to telescopic set off of unexplained
income surrendered as income against its subsequent application
selling antique articles and he is in possession of three Monocular
[Telescope], namely, Monocular-1[Kelvin & Hughes 1818 year],
Monocular-2[Telescope] and Monocular ... London-
1940] for three generations and the value of the three Monocular
[Telescope] are around Rs.1 Crore. For the purpose of selling, the three
thereby deleting addition of Rs. 69,43,006/- by allowing telescoping for cash
loans advanced by the assessee in earlier years, ignoring that :
a) Assessee ... cash loan
advanced of Rs. 1,15,05,695/-, by allowing telescoping for cash loans
advanced by the assessee in earlier years, ignoring that
thereby deleting addition of Rs. 69,43,006/- by allowing telescoping for cash
loans advanced by the assessee in earlier years, ignoring that :
a) Assessee ... cash loan
advanced of Rs. 1,15,05,695/-, by allowing telescoping for cash loans
advanced by the assessee in earlier years, ignoring that
thereby deleting addition of Rs. 69,43,006/- by allowing telescoping for cash
loans advanced by the assessee in earlier years, ignoring that :
a) Assessee ... cash loan
advanced of Rs. 1,15,05,695/-, by allowing telescoping for cash loans
advanced by the assessee in earlier years, ignoring that
thereby deleting addition of Rs. 69,43,006/- by allowing telescoping for cash
loans advanced by the assessee in earlier years, ignoring that :
a) Assessee ... cash loan
advanced of Rs. 1,15,05,695/-, by allowing telescoping for cash loans
advanced by the assessee in earlier years, ignoring that
thereby deleting addition of Rs. 69,43,006/- by allowing telescoping for cash
loans advanced by the assessee in earlier years, ignoring that :
a) Assessee ... cash loan
advanced of Rs. 1,15,05,695/-, by allowing telescoping for cash loans
advanced by the assessee in earlier years, ignoring that
thereby deleting addition of Rs. 69,43,006/- by allowing telescoping for cash
loans advanced by the assessee in earlier years, ignoring that :
a) Assessee ... cash loan
advanced of Rs. 1,15,05,695/-, by allowing telescoping for cash loans
advanced by the assessee in earlier years, ignoring that
thereby deleting addition of Rs. 69,43,006/- by allowing telescoping for cash
loans advanced by the assessee in earlier years, ignoring that :
a) Assessee ... cash loan
advanced of Rs. 1,15,05,695/-, by allowing telescoping for cash loans
advanced by the assessee in earlier years, ignoring that
