TMI Blog2012 (11) TMI 1231X X X X Extracts X X X X X X X X Extracts X X X X ..... 005-2006. 2. The assessee has filed additional ground against initiation of proceeding under Section 147 of the Act, which was not pressed during the course of hearing. Therefore, the same is dismissed as not pressed. 3. The ground on merit is against upholding the addition of ₹ 1,71,615/- made by the Assessing Officer under Section 68. 4. Brief facts of the case are that the assess ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ock exchange but are defaulters and are not allowed to operate on the stock exchange. Shri Mukesh Chokshi stated that the modus operandi of these concerns of providing the accommodation entries for persons who had unaccounted money and are in a need of claiming bogus profits, capital gains etc. whereby for a commission of 0.15% is charged. Accordingly, these transactions were held bogus by the Ass ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ere deleted. 8. On the other hand, learned DR placed reliance on the order of the CIT(A). 9. After considering the submissions and perusing the material on record, I found that this issue is squarely covered by the decision of the Tribunal in the case of Smt. Durgadevi Mundra and Shri Mukesh Mundra (supra), where identical facts were involved. Similarly, these cases were also reopened on inf ..... X X X X Extracts X X X X X X X X Extracts X X X X
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