2005 (9) TMI 57

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....t that although there was no documentary evidence to support the claim made by the assessee that shares had been purchased by M/s. Deepak Choudhary, Hindu undivided family and Shri P.S. Kalra, Hindu undivided family on behalf of the assessee, yet the circumstantial evidence sufficiently showed that such purchases were made and that since the assessee could not make the payment due to shortage of f....

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....e allowed. Accordingly, the Assessing Officer is directed to allow the same." The above finding has been affirmed by the Tribunal in appeal in the following words: "After hearing both the parties on this issue, we find that there is no infirmity in the finding of the Commissioner of Income-tax (Appeals) as discussed above. The finding of the Commissioner of Income-tax (Appeals) that both the....