Addition for benami property justified if property document found in possession of Assessee & not respond to summons

HIGH COURT OF DELHI Commissioner of Income-tax Versus Jai Pal Aggarwal IT APPEAL NO. 226 OF 2010 SEPTEMBER 17, 2012 JUDGMENT R.V. Easwar, J. – In this appeal filed by the revenue under Section 260A of the Income Tax Act, (‘Act’, for short) the following questions are sought to be raised as substantial questions of law: – (a)  Whether on the facts and in the circumstances of the case, the Ld. ITAT erred in law and on merits in deleting the addition of Rs. 2,00,000/- on account of purchase of property bearing premises No.2-70, Seelampur-III, Shahdara? (b...