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2019 (1) TMI 1216 - AT - Income TaxBogus LTCG - claim of exemption U/s.10(38) denied - addition u/s 68 - Held that:- AR has only come out with the plea that the assessee were not provided with opportunity of cross-examining the witness, the investigation report was not furnished and proper opportunity was not provided of being heard. However we find that all these arguments raised by the AR before us was never alleged before the Revenue Authorities when the matter was before them. In this situation we do not have any other option but to confirm the orders of the Revenue Authorities in the case of all the assessee because the AO as well as the CIT(A) have arrived at their respective decisions after considering the issues in the appeal in detail and there is nothing before us to disturb their findings. Accordingly we hereby confirm the Order of the Ld.Revenue Authorities on this issue. Thus the first ground raised by the assessees herein above in all the appeals are held against the assessee.
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