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2014 (7) TMI 249 - AT - Income TaxAddition u/s 68 of the Act – Double addition - Opportunity of being heard – Held that:- The Tribunal earlier held that some of the persons had introduced their money for share application through cheques and some of them had introduced the money in shares through DD – the Tribunal had given specific directions to AO to examine the bank account and DDs purchased by the persons - From the reply of three persons viz Shri Santosh Gupta, Mukesh Bhatia and Shri Basant Lal it is evident that they expressed their inability to produce the bank details as the same were more than 10 years old - they furnished the photo copies of the share certificates - As far as Anand Singh is concerned, he had also stated in response to letter dated 10th July, 2008 that the payment had been made through banking channel but the bank statement was not available with him - he could not be found out subsequently and he did not furnish his photo copy of share certificate - keeping in view the smallness of amount and the matter being quite old and considering their replies, the addition made in respect of Santosh Gupta, Mukesh Bhatia and Basant Lal is liable to be set aside - in respect of other persons since assessee was not able to comply with the directions of the Tribunal, no interference is called for with the order of CIT(A) – Decided partly in favour of Assessee.
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