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2019 (8) TMI 1403 - AT - Income TaxAddition u/s. 69B - receipt of on-money - arguments of the assessee challenging the addition in the impugned assessment years are, that the document seized in search operation carried out the premise of Tapadia family does not bear the name or signatures of the assessee/appellant - HELD THAT:- The assessee had entered into transaction for purchase of land with Tapadias. The assessee made no effort either to obtain clarification from Ajay B Tapadiya regarding onmoney payments nor the assessee could ensure presence of Ajay B Tapadiya before the Assessing Officer to dispel that there was no involvement of on-money in the transaction. The assessee has failed to dislodge the allegation of on-money payments. The documents seized from the premises of Tapadias during search operation coupled with unrebutted statement of Ajay B Tapadiya explaining the entire transaction as recorded on seized document clearly indicates assessee‟s involvement in on-money payment for purchase of land. No infirmity in the order of Commissioner of Income Tax (Appeals) in confirming the addition with respect to on-money payment for purchase of land, in the hands of assessee. Accordingly, the impugned order is upheld - Decided against assessee.
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