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2017 (5) TMI 1748 - ITAT MUMBAIAddition u/s 68 - Bogus LTCG - CIT(A) deleted the impugned addition - HELD THAT:- CIT(A) has analysed the issue in a proper perspective in accordance with the law by drawing support from the decisions rendered by Hon’ble High Courts. CIT(A) has specifically observed that the assessee has discharged the burden of proof placed upon it u/s 68 of the Act, where as the assessing officer has failed to rebut the same. Even though the assessee has offered to produce Mr. Mukesh Chokshi before the AO, yet the AO did not order for production. Under these set of facts, we are of the view that no interference is called for in the decision rendered by Ld CIT(A) on this issue. Accordingly we affirm the same. - Decided against revenue.
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