TaxTMI 
TaxTMI 
2016 (9) TMI 1142
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....d sundry creditors without appreciating that the assessee had failed to discharge the onus cast upon it to prove the genuineness, creditworthiness and identity of the creditors. 2. Whether in the facts and circumstances of the case, the Ld. Commissioner of Income Tax (Appeals) has erred in law in deleting the disallowance of Rs. 5 lacs towards commission allegedly paid to Mrs. Urvashi Maheshwari (Rs. 2 lacs) and Shri Vinod Maheshwari (Rs. 3 lacs) ignoring the fact that the assessee failed to prove the services, if any, rendered by them as per provisions of Section 37 of the IT Act, 1961. 3. That the appellant craves leave to add, modify and/or delete any ground(s) of appeal. 4. In the facts and circumstances of the case, the order ....
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.... "Paswara Impex Ltd has vide Letter dated 6.12.2011 (filed on Dak counter on 7.12.2011) has confirmed directly to the Learned A.O. in response to Notice u/s 133(6) of the Income Tax Act, 1961 dated 29.11.2011 along with the Confirmation of Account; copy of Statement of Income for Asstt. Year 2009-10; copy of Acknowledgement of Income Tax Return for Asstt. 2009-10 and copy of Bank Account. Copy again been placed at Page No 15 to Page No 22 for your honour's kind consideration. ii. Petrolube India Ltd. Rs. 1,49,20,989: Petrolube India Ltd. has vide Letter dated 7th December 2011 has confirmed directly to the Learned A.O. in response to Notice u/s 133(6) of the Income Tax Act, 1961 along with the Confirmation of Account; and copy o....
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.... Kolkata Rs.7,17,411 at Page No. 30 Rs.3,05,62,068 4.1. Accordingly, after confronting these evidences to the AO and obtaining a Remand Report, the addition was deleted. Aggrieved by which, the Revenue is in appeal before the Tribunal. 5. The Ld. Sr. DR submitted that the Revenue is aggrieved by the deletion of the additions qua the parties mentioned at serial No. 2 and 4. Reliance is placed upon the assessment order. 6. The Ld. AR relying upon the impugned order and the synopsis filed, submitted that the ICICI Bank at serial No. 2 is a bank and the details of the said outstandings had been filed before the AO as well as the CIT(A) and are available at page 31. Addressing the second party i.e. Ajanta Tr....
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....ete address. The same has been confirmed by the said party and the evidences have also been confirmed by way of an email. In the absence of any infirmity pointed out by the Revenue, the Departmental ground is dismissed. 8. The facts related to the next issue are that it was noticed that a commission of Rs. 2 Lacs was paid to Mrs. Urvashi Maheshwari and Rs. 3 Lacs to Sh. Vinod Maheshwari. The AO required the assessee to show their qualifications and to produce these persons in order to justify the services rendered by them before him. Though the confirmations were received independently however proof of service was not provided. This fact was brought to the notice of the assessee again requiring the production of these 2 persons. Since desp....