2011 (6) TMI 873

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....ppeal has been filed by the Revenue against the order of CIT(A) on the following effective grounds : "1. That the Ld. CIT(Appeals)-I, Agra has erred in law and on facts in deleting the addition of Rs. 6,68,135/- & Rs. 13,363/- made u/s. 68 of the Act by the A.O. on account of bogus entries of capital gain and brokerage thereon without appreciating the facts of the case. 2. By doi....

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....rious beneficiaries. The assessee is also one of the beneficiaries figuring in the list supplied and the amount of Rs. 6,69,475/- has been remitted to the assessee from M/s. Ayushi Stock Brokers (P) Ltd. through Cheque/DD whereas the transaction was found to be bogus. The Assessing Officer therefore, concluded that the entire amount received by the assessee through bank draft from the aforesaid sh....

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.... prove the purchase and sale of shares. The assessee had furnished copy of the sale bill No. MSPL/SIOCT/30/002 dated 30.10.99 issued by broker company Motely Securities Private Ltd., details of purchase of 10,000 shares of G.K. Consultant Ltd., copy of account statement regarding the above deal of share in the books of the borker company, the receipt issued by the said company, copy of contract no....