TaxTMI 
TaxTMI 
2015 (4) TMI 468
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....- made by the AO on account of accommodation entries received during the year from M/s JRD Stock Brocker Pvt. Ltd. 2. That on the facts and circumstances of the case and in law the Ld. CIT(A) erred in ignoring the fact that the assessee had introduced unaccounted money in the books of accounts with the help of accommodation entry providers which has been exposed by deep and detailed investigation carried out by the Investigation Wing of the Department. 3. That the facts and circumstances of the case and in Law the Ld. CIT(A) failed to appreciate the facts that the assessee was uncooperative during the course of assessment proceedings and did not produce the Director of M/s, J R D Stock Brockers Pvt. Ltd. and also the bank account of this ....
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....Now, the revenue is before this tribunal on this issue with the grounds has reproduced above. 5. Apropos, ground no. 1, 2 & 3 of the revenue, the Ld. Departmental Representative (DR) submitted that the CIT(A) erred in deleting made by the AO on account of accommodation entries received during the year by the assessee from M/s J R D Stock Brokers Pvt. Ltd. The Ld. DR , Further, contended that the first appellate authority ignored the fact that the assessee had introduced its own unaccounted money in the book of accounts with the help of accommodation entry providers which has been exposed by deep and detailed investigation carried out by the investigation wing of the department. The Ld. DR also contended that the CIT(A) fail to appreciate t....
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....nter alia, assessment order, impugned order, remand report and other relevant documents at the outset we note that during the assessment proceedings the assessee could not produce Director of M/s J R D Stock Broker Pvt. Ltd., but during remand proceedings the AO recorded the statement of Director Shri Ashok Gupta on oath, who supported the transaction. We also note that the assessing officer also found himself satisfied about the explanation of the assessee that the Director Shri Ashok Gupta and Smt. Nilima Gupta were out of India from 20.12.2009 to 08.02.2010. We also note that during the assessment proceedings required bank statement was and the confirmed copy of account of J R D Stock Brokers Pvt. Ltd. with the assessee for A. Y. 2002-03....