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2017 (5) TMI 785

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..... 2017 - S. Muralidhar And Chander Shekhar, JJ. For the Appellant : Mr. Zoheb Hossain, Sr. Standing Counsel and Mr. Deepak Anand, Jr. Standing Counsel For the Respondent : Mr. S. Krishnan, Advocate ORDER CM Nos. 33416-33417/2016 For the reasons stated therein, the applications are allowed. Delay of 10 days in filing and 15 days in re-filing the appeal is condoned. ITA No.6 .....

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..... he entire question of the disclosure made by one Mr. S. K. Gupta before the Income Tax Settlement Commission regarding providing of accommodation entries to beneficiaries through several conduit companies and obtaining of commission/brokerage was examined. The said disclosure was made by Mr Gupta consequent upon a survey operation under Section 133 A of the Act. One such 'conduit company' .....

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..... another bench of the ITAT made a departure in its order dated 22nd April 2015 in ITA No. 3576/Del/2013 while dealing with the appeal of one more of the 'conduit companies' Rapid Packaging Ltd. The ITAT by the said order remanded the matter to the Assessing Officer (AO) to verify the disclosure made in the case of Mr S K Gupta before the ITSC and whether the cash deposited in the case was .....

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