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2010 (9) TMI 154 - DELHI HIGH COURTIncome from unexplained sources, Unexplained customer advances, On account of cash received - transaction of receipt of money is not made through banking channel - assessee has not produced any evidences as to the identity and existence of the parties - not produced evidences that these parties were carrying on a business at the address as given neither any details as to the premises occupying by them – Held that: - appellant has not been able to prove either the identity or the existence of the parties who had advanced money - trade credit set up by the appellant is against normal human conduct as no petty supplier/commission agent/ fruit vendor would give money four to nine months in advance for supply of vegetables - appellant is alleged to have received advances, had denied the factum of any transaction with the appellant – Appeal is dismissed.
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