Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2022 (10) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (10) TMI 1054 - GUJARAT HIGH COURTAddition of unsecured loan - primary evidences like confirmation accounts and acknowledgment of filling return of income Pan Card of depositors and audit report u/s 44AB of a Chartered Accountant who is like eye witness of having verified the books of accounts and the other related documents is on record of the Department and all these transactions are routed through Bank - HELD THAT:- On perusal of the orders it appears that there are concurrent findings of fact arrived at by the CIT (A) as well as the Tribunal to the effect that the Assessee has failed to produced the books of accounts and other relevant materials which was required by the AO to inquire into the transactions of unsecured loans undertaken by the appellant-assessee for the year under consideration. With regard to the addition made on account of the expenses also, there is no material available on record as per the findings of fact arrived at by the CIT(Appeals) and the Tribunal. The addition made on account of advance for goods is also not supported by any documentary evidence. Moreover, no one has come forward to give statement u/s 133(6) of the Act, 1961 and notices under Section 133(6) were not complied with. We are of the opinion that no question of law much less any substantial question of law as proposed or otherwise arises from the impugned order of the Tribunal and accordingly, the Appeal stands dismissed.
|