1 itxa1854-10 sas IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1854 OF 2010 The Commissioner of Income Tax-IV, Mumbai ..Appellant. V/s. Avalon Investment Pvt. Ltd. ..Respondent. Mr. Vimal Gupta i/b. Ms. Padma Divakar for the appellant. Ms. Beena Pillai for the respondent. CORAM : J.P. DEVADHAR AND A.A.SAYED, JJ. DATED : 27TH JULY, 2011 P.C. :- 1. Whether the ITAT was justified in deleting the addition of Rs. 30,00,000/- made as undisclosed income in the block assessment order passed under Section 158BD of the Income Tax Act, 1961, is the question raised in this appeal. 2. The ITAT in para 7 of its order has recorded finding of fact that in the present case a sum of Rs.30,00,000/- was reflected in the books of accounts maintained by the assessee and was also reflected in the regular return filed by the assessee. In such a case, the deletion of the addition in the block assessment cannot be faulted. The appeal is dismissed with no order as to costs. (A.A. SAYED, J.) (J.P. DEVADHAR, J.)