2011 (5) TMI 204

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.... Income-tax (Investigation) that the assessee had received certain accommodation entries in its account on January 8, 1999. After the reopening of the case, the Assessing Officer went through the records again and found that the assessee had taken donations in the sum of Rs. 53,52,900 and unsecured loans of Rs. 1,14,58,500. The Assessing Officer asked the assessee to give details in respect thereof. A number of opportunities were provided by the Assessing Officer for this purpose but the assessee failed to avail of the said opportunities and furnish the details thereof to the following effect :   (i) List of donors along with confirmations in respect of donations received, giving complete address, PAN, Ward No., mode of payment receiv....

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....ing Officer and, therefore, he did not furnish any comments there-upon. The Commissioner of Income-tax (Appeals) admitted the evidence and allowed the appeal of the assessee on the basis of the said additional evidence holding that on the basis of this evidence, the assessee was able to point out the source of donations as well as loans and how the said donations and loans were duly applied for the objective of the assessee/society.   4. The Income-tax Appellate Tribunal has upheld this order of the Commissioner of Income-tax (Appeals) by the impugned order dated August 6, 2009.   5. Challenging that order, the present appeal is preferred under section 260A of the Income-tax Act (hereinafter referred to as "the Act"). The main p....