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2023 (7) TMI 393 - ITAT DELHIAddition u/s 68 - accommodation entry receipts - Unexplained expenditure u/s 69C - HELD THAT:- As during appellate proceedings, no further details have been filed by appellant company, despite allowing opportunity of being heard in that regard, so as to justify its claim that no additions needed to be made in appellant's present case No material/evidence was ever produced by the Appellant, neither is available on record to substantiate the grounds raised in this appeal by the Appellant and to controvert the findings of the ld. Authorities below to the effects “that the Appellant failed to discharge its onus to establish the identity and creditworthiness of the party from whom the amount was received. The Appellant could also not establish the genuineness of the transaction. Therefore, the onus cast upon the Appellant to fulfil the conditions of section 69 of the Act, does not stand discharged.” Consequently, the findings recorded by Commissioner in the impugned order, does not call for any interference. Accordingly, the impugned order is liable to be affirmed. Decided against assessee.
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