2015 (10) TMI 255

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.... For The Respondent : Mr.T.R.Senthil Kumar JUDGMENT (Delivered by V.Ramasubramanian,J.) This is an appeal filed by the assessee under Section 260-A of the Income Tax Act, 1961, questioning the correctness of the order passed by the Tribunal. 2. Heard Mr.J.Balachander, learned counsel for the appellant and Mr.T.R.Senthil Kumar, learned Standing Counsel for the Department. 3. In a se....

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....Mohan Fiscal Rs.28,50,000.00 Mr.T.P.Kovaithambi Rs.23,00,000.00 Mrs.Sita Kovaithambi Rs.17,82,750.00   6. On the basis of the claim made by the appellant, summons were issued to the so-called creditors. They returned unserved with the endorsement that no such assessee was found. Since no explanation could also be offered as to why the summons could not be served successfu....

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....stions of law on 07.7.2007: "(i) Whether the Tribunal is correct is sustaining the action of the Assessing Officer in taking the amount of Rs. 10,00,000/- appearing the name of M/s. Beauty Apparels as undisclosed income? (ii) Whether the Tribunal is right in coming to the conclusion that the said credit entry was not proved even though the confirmation letter from the creditor was placed on ....