Principal Commissioner Of Income Tax (Central), Jaipur v. Shri Puna Ram Jangid, Jodhpur (A.y. 2007-08

HIGH COURT OF JUDICATURE FOR RAJASTHAN ATJODHPUR D.B. Income Tax Appeal No. 73 / 2015 Principal Commissioner of Income Tax (Central), Jaipur Versus Shri Puna Ram Jangid, Jodhpur (A.Y. 2007-08) ----Appellant ----Respondent _____________________________________________________ For Appellant(s) : Mr. KK Bissa For Respondent(s) : --- _____________________________________________________ HON'BLE MR. JUSTICE GOVIND MATHUR HON'BLE MR. JUSTICE G.R. MOOLCHANDANIJudgment 05/01/2017 This appeal is before us to examine correctness of the orderdated 30.09.2014 passed by learned Income Tax AppellateTribunal deleting certain additions made by the Assessing Officerwith the income of assessee. It is submitted by learned counselfor the appellant that the Assessing Officer made addition of thetaxable income earned by the appellant by the sale of land whichis nothing but a commercial one. It is further submitted that the Income Tax Appellate Tribunalhaserred by deleting the addition pertaining to the unexplainedadvances and capital contribution for sale of land. On examination of facts stated in the order impugned, we donot find any merit with the argument advanced. Suffice to mention that the land said to be sold was admittedly agricultural land and,therefore, no addition as made by the Assessing Officer wastaxable in the eye of law. So far as the unexplained advances and capital contributionare concerned, learned counsel ITAT examined the same in detailand arrived at definite finding of facts which in no manner sufferfrom any such error that may constitute any substantial question of law. The appeal, thus, is having no merit. Hence, dismissed. (G.R. MOOLCHANDANI)J. (GOVIND MATHUR)J. Anil Kumar Choudhary