2018 (12) TMI 1443

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....e is preferred against the order of the Commissioner of Income Tax [Appeals] - Ghaziabad dated 02.03.2017 pertaining to assessment year 2012-13. 2. The appeal is barred by limitation by 66 days. I have gone through the prayer for condonation of delay. I am convinced that the assessee was prevented by reasonable cause for not filing the appeal in time. The appeal is condoned. 3. The solitary grie....

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....during the F.Y. 2009-10. He has also deposited share application money of Rs. 8.50 lakhs in F.Y. 2011-12. Accordingly, notice u/s 133(6) of the Act was issued to Shri Achchan Khan, who confirmed the transaction of share application money of Rs. 8.50 lakhs. The Assessing Officer was not convinced with the explanation given by Shri Achchan Khan and insisted for the presence of Shri Achchan Khan from....

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.... before the lower authorities. 9. The ld. DR supported the findings of the Assessing Officer. 10. I have carefully considered the orders of the lower authorities. The undisputed fact is that Shri Achchan Khan is an existing share holder of the appellant company. Therefore, his identity cannot be disputed. Moreover, the notice issued u/s 133(6) of the Act was duly served upon Shri Achchan Khan, w....