TaxTMI 
TaxTMI 
2011 (6) TMI 873
X X X X Extracts X X X X
X X X X Extracts X X X X
....ue 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 ₹ 6,68,135/- & ₹ 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 doing so, the Ld. CIT(A)-1, Agra is bad i....
X X X X Extracts X X X X
X X X X Extracts X X X X
....so one of the beneficiaries figuring in the list supplied and the amount of ₹ 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 share broker as accommodation entries....
X X X X Extracts X X X X
X X X X Extracts X X X X
....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 note (Form-A), copy of purchase....