TMI Blog2018 (1) TMI 1396X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee - ITAT confirmed these findings - Held that:- Upon an overall conspectus of the circumstances, it is evident that the CIT(A) carried out a detailed analysis of the material on record, including, especially with respect to the genuineness of the transaction, whereby, the service providers were paid money towards expenses claimed in the assessee’s returns. These findings are also collateral ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of evidence, and therefore, unreasonable. The facts of the case are that for A.Y. 2002-03, the scrutiny assessment was completed on 17.12.2005 bringing to tax a total amount of ₹ 1,95,97,564/-. Re-assessment proceedings were initiated on 04.03.2009 and completed by the Assessing Officer (AO), who added back the sum of ₹ 1,14,12,184/- on the basis that expenses claimed for various ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... analysis of the material on record, including, especially with respect to the genuineness of the transaction, whereby, the service providers were paid money towards expenses claimed in the assessee s returns. These findings are also collaterally supported by the fact that the service providers were income tax assessees. The ITAT confirmed these findings of fact. In the opinion of the Court, no que ..... X X X X Extracts X X X X X X X X Extracts X X X X
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