Pr. Commissioner Of Income Tax Jaipur-Ii, Jaipur v. Shri Vivek Gupta

IN THE HIGH COURT OF JUDICATURE FOR RAJASTHANBENCH AT JAIPUR. DB INCOME TAX APPEAL NO.205/2016 Pr. Commissioner of Income Tax Jaipur-II, Jaipur. Versus Shri Vivek Gupta, 30, Kamal Gatta Colony, Opp. Niwas Garden,Janta Market, Jaipur. DATE OF ORDER ::: 08.11.2016. HON'BLE MR. JUSTICE K.S. JHAVERIHON'BLE MR. JUSTICE GOVERDHAN BARDHAR Mr. R.B. Mathur, for the appellant. 1.By way of this appeal, the appellant has challenged theorder of the Tribunal whereby the Tribunal has confirmed theorder passed by the CIT Appeal. 2.Counsel for the appellant has contended that both theauthorities i.e. CIT (Appeals) and Tribunal have committed errorin deleting Rs.10615290/- and have also committed an error in reversing the well reasoned judgment given by the AO. 3.Heard Mr. Mathur, counsel for the appellant. 4.In view of the detailed reasoning adopted by the CIT(Appeals) in para 5.1 considering the payment made throughdemand draft for purchase and consideration. 6.In view of the concurrent finding of fact, no substantialquestion of law arises and appeal being devoid of merit standsdismissed. (GOVERDHAN BARDHAR), J. (K.S. JHAVERI), J.