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2022 (7) TMI 166 - ITAT KOLKATAAddition being business loss claimed by the assessee on purchase and sale of skimmed milk powder and channa - assessee failed to give any evidences to prove the transaction of sale and purchase and the loss thereof incurred by the assessee on such transaction - HELD THAT:- During the assessment proceedings, the assessee was asked by the Assessing Officer to furnish necessary evidences to prove the transaction of sale and purchase and the loss thereof incurred by the assessee on such transaction. However, the assessee failed to furnish any reliable evidence to prove the transaction. Even the notices by the Assessing Officer u/s 133(6) of the Act issued to the concerned parties with whom the assessee made transaction remained unanswered Even in first appeal, the assessee could not furnish any evidence to prove the aforesaid business transaction and loss thereof. The ld. CIT(A), therefore, dismissed the appeal of the assessee. Thus after hearing the ld. DR, we do not find any reason to interfere with the above order of the ld. CIT(A). The order of the CIT(A) is accordingly upheld. - Decided against assessee.
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