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2015 (4) TMI 468 - ITAT DELHIDisallowance of accommodation entries received - unaccounted money - Noncooperation of assessee - Held that:- CIT(A) granted relief for the assessee on justified and cogent reasons. The assessing officer made addition on information of investigation wing but the AO could not bring any positive or sustainable evidence or any other adverse material on the record to substantiate his conclusions. Per contra, the assessing officer recorded statement of Sh. Ashok Gupta, the Director of the J.R.D. Stock Broker who confirmed the transaction supporting the verified copy of account with the assessee. In view of above stated facts and circumstances, we reach to the conclusion and the addition made by the AO was not sustainable which was rightly deleted by the CIT(A) during first appellate proceedings - Decided against Revenue.
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