2008 (9) TMI 955

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....sessee has preferred this appeal under section 260A of the Income-tax Act, 1961 (hereinafter referred to as 'the Act') against the order dated 1-5-2003 passed by the Income-tax Appellate Tribunal, Chandigarh Bench in ITA No. 1356/CHD/1993 for the assessment year 1990-91. 2. A number of substantial questions of law have been proposed in para 18 of the appeal which are said to have arisen out of ....

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....well as the genuineness of the transaction. In this case, admittedly the assessee has neither been able to disclose the complete addresses of the trade creditors nor is able to give the complete addresses of the consignors nor the name has been mentioned on the challan forms, so the verification of the same by the Assessing Officer became totally impracticable on account of lack of this complete i....

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....out discussing as to whether the liability of trade creditors shown by the assessee in the absence of furnishing complete addresses of trade creditors/consignors and the payment vouchers was genuine or not." 4. Learned counsel for the assessee submits that genuineness of the transaction could not be doubted from the fact that the assessee was not able to give the addresses of the trade creditor....