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2022 (3) TMI 479 - AT - Income TaxUnexplained & unaccounted deposit of USD 7 Million in the account of the appellant maintained with Standard Chartered Bank, Dubai - addition on the basis of the information provided by the Enforcement Directorate - HELD THAT:- As far as the evidences provided by the Enforcement Directorate are concerned, the authenticity and correctness of the same cannot be doubted, as the source of such information is a Department of Govt. of India. In any case, the appellant had failed to provide any material evidence, which even prima-facie indicate that the information provided by the Enforcement Directorate is not correct. There is material evidence on record to show that Shri Kashinath Tapuriah, husband of the appellant was working in close association and cooperation with Shri Hassan Ali Khan and others. This is evident from a large number of seized documents, which were found independently at two places, namely, the residence of the appellant at Kolkatta and the residence of Shri Hassan Ali Khan at Pune. At this juncture, it is also brought on record that the AO had taxed the right person i.e. the Appellant on the basis of the "Transfer Instruction" provided by the Enforcement Directorate. We find that the Ld.CIT(A) considered this aspect of the matter elaborately with reference to the submissions of the assessee and the averments in the Assessment Order and sustained the addition made by the Assessing Officer correctly. - Decided against assessee.
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