2001 (3) TMI 816

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....he order dated 22nd December, 1994 passed by the learned CIT(A)-IV, Baroda. The only point of dispute as projected in the various grounds of appeal is that the Departmental Authorities have wrongly made an addition of Rs. 2,12,000 on account of alleged unexplained investment in shares of the assessee-company in the names of the following persons : 1.Shri Bhupesh C. ParikhRs. 50,000 2.Shri Ramesh....

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....cer required the assessee to furnish the names and addresses of all the persons who held shares of the assessee-company having the face value exceeding Rs. 20,000 and the assessee complied with the requirements of the Assessing Officer. It was submitted that it appears that the Assessing Officer wrote letters to the above referred 8 parties to obtain a confirmation from them in respect of investme....