2015 (3) TMI 453

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....ive Bhalla: By way of this order, we shall dispose of ITA-324-2014 and ITA-326-2014. For the sake of convenience, facts are being taken from ITA-324-2014. The appellant challenges order dated 11.03.2014, passed by the Income Tax Appellate Tribunal Delhi Bench 'E', New Delhi, (hereinafter referred to as the 'Tribunal'), affirming the imposition of penalty under Section 271(1)(....

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.... Sunil Kumar Garg. The appellant was asked to prove the genuineness of the gift. The appellant was unable to produce Sh. Sunil Kumar Garg. The address supplied by the appellant was found to be incorrect. The assessing officer added Rs. 2 lacs to the capital account of the assessee, for the assessment year 2002-03. The order of assessment has attained finality with dismissal of the quantum appeals ....