2011 (11) TMI 679

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.... Appeal under Section 260-A of the Income Tax Act, 1961 is directed against the order of the Income Tax Appellate Tribunal, Delhi Benches "G", New Delhi dated 04.9.2009 in ITA No. 1314/D/09 for the Assessment Year 2001-02. The appellant-assessee is challenging the findings recorded by the Assessing Authority, confirmed in appeal and thereafter in the second appeal by the Tribunal, to the effect....

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....er, hence, the assessee cannot be said to have not been in touch with such creditors. It is also noted that notices u/s 133 (6) have been issued at the instance of the assessee, hence, which have remained unserved. Thus, non-service of such notice, in such situation, can result into an adverse inference against the assessee. It is also noted that the assessee did not make any claim of deduction th....

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.... creditors for the year 2001-2002 when the genuineness of the creditors for the earlier years had been accepted by him? 3. Whether without rejecting the account books and auditor report the balance in creditors account be disallowed by the respondents? 4. Whether the income can be taxed when all incomes belongs to export and exempted u/s 80HHC of the Income Tax Act?" The burden of proof, ....