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TMI Blog2023 (11) TMI 389X X X X Extracts X X X X X X X X Extracts X X X X ..... l Member For the Appellant : None For the Respondent : Sh. Vivek Vardhan, Sr. Dr ORDER PER YOGESH KUMAR U.S., JM: This appeal by Assessee is filed against the order of Learned Commissioner of Income Tax (Appeals)-31, New Delhi ["Ld. CIT(A)", for short], dated 30/09/2019 for Assessment Year 2007-08. 2. Grounds taken in this appeal are as under: "1. The Hon'ble Commissioner of Income Tax (A) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es, we are compelled to decide the appeal after hearing the Ld. DR. 4. The brief facts of the case are that assessee company filed its return of income declaring loss at Rs. 53,05,870/-. The assessment u/s 143(3) was completed on 31.12.2009 by making addition of Rs. 1,00,00,000/- on account of compensation received on breach of contract in respect of purchase of immovable property and Rs. 50,00,0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted that the addition of Rs. 50,00,000/- made on account of undisclosed cash credit has not been specifically challenged by the assessee before the Ld. CIT(A), the assessee contested that the said addition claimed to have been made arbitrarily and illegally, but the assessee has produced only confirmation of Treatwell Investment Leasing Pvt. Ltd. (merged with BSBK Engineers Pvt. Ltd.) and the copy ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... date and also not contain the seals/stamp of the company. The said confirmation does not even disclose regarding the mode of advance whether by cheque or cash. Though the bank statement produced by the assessee reflects the depositing of 50,00,000/-, but does not indicates as to whom from the said amount has been received. The assessee has not produced any document before the Ld. CIT(A) or before ..... X X X X Extracts X X X X X X X X Extracts X X X X
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