Itta/167/2013 Of The Commissioner Of Income Tax-Iv, Hyderabad v. Dr.p.ravishankar

IN THE HIGH COURT OF JUDICATURE, ANDHRAPRADESH AT HYDERABAD TUESDAY, THE SECOND DAY OF JULYTWO THOUSAND AND THIRTEEN PRESENT THE HON’BLE THE CHIEF JUSTICESRI KALYAN JYOTI SEN GUPTA AND THE HON'BLE MS. JUSTICE G.ROHINI I.T.T.A. No.167 OF 2013 Between:Commissioner of Income Tax-IVHyderabad ..... Appellant AND Dr. P.Ravishankar .....Respondent The Court made the following : JUDGMENT:(per the Hon’ble the Chief Justice Sri K.J. Sengupta) This appeal is sought to be preferred on thefollowing suggested questions of law: 1.Whether on the facts and in the circumstancesof the case the order of the Tribunal is notperverse?of the case the order of the Tribunal is notperverse? 2.Whether on the facts and in the circumstancesof the case, the Tribunal is correct in law indeleting the addition of Rs.1,20,00,000/- made asunaccounted investment? This appeal is preferred in relation to theassessment year 2001-2002 against the judgment andorder of the learned Tribunal dated 12.11.2010. It appearsthat the learned Tribunal as well as the Commissioner ofIncome Tax (Appeals) found on facts that the source ofinvestment is properly explained and this explanation wassatisfactory. In view of the explanation about the source ofinvestment, the question of addition of Rs.1,20,00,000/-does not arise. On fact, both the authorities below havefound that no question of law is involved in this matter. Consequently, the appeal is dismissed. No order as to costs. July 02, 2013MAS _______________________Kalyan Jyoti Sengupta, CJ. __________G.Rohini, J.