TMI Blog2010 (9) TMI 107X X X X Extracts X X X X X X X X Extracts X X X X ..... m the written submissions filed by the assessee - Held that: - assessee Director's identity was established and the transactions were not denied, the initial burden cast on the respondentassessee stood discharged. Accordingly, the present quantum appeal, being bereft of merit, is dismissed - 640/2010, ITA 644/2010 - - - Dated:- 23-9-2010 - CORAM: HON'BLE THE CHIEF JUSTICE HON'BLE MR. JUSTIC ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... before the Assessing Officer (in short, "AO") nor had made any request under Rule 46A of the Act for admission of the said documents as additional evidence. Consequently, Ms. Aggarwal submitted that the Tribunal had erred in law in holding that the respondent-assessee had produced all the relevant documents before the AO especially when AO in his assessment order had stated that though confirmati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ourse of hearing, we offered to Ms. Suruchii Aggarwal, learned counsel for the revenue that if she would like to withdraw the present appeals to file an application under Section 254(2) of the Act. However, she stated that she had no instructions to make such a statement. In any event, in our opinion, the said finding can neither be disputed nor said to be perverse especially when the appeal paper ..... X X X X Extracts X X X X X X X X Extracts X X X X
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