TaxTMI 
TaxTMI 
2019 (2) TMI 120
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....e Tax Dep.,Gaurav Mahajan,S.S.C. ORDER Piyush Agrawal,J. The present appeal has been filed against the judgment & order dated 08.03.2013 passed by the Income Tax Appellate Tribunal, Agra Bench, Agra (hereinafter referred to as, 'the Tribunal') in Income Tax Appeal No. 246/Agr./2012 for the Assessment Year 2007-08. The present appeal was admitted by this Court on 03.10.2018 on the follo....
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....s a Proprietor of M/s Rajnikant & Company and engaged in the business of silver ornaments, bullion and job work . The appellant filed its return showing an income of Rs. 1,14,875/-. The case of the applicant was selected for scrutiny and notices were issued under section 143(2) of the Income Tax Act, 1961. In response thereto, a detailed reply was filed and hearing was afforded to the applicant&#....
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....s passed and addition of Rs. 7 lacs was made. Feeling aggrieved by the assessment order dated 14.12.2009, the appellant preferred an appeal before the Commissioner of Income Tax (Appeals), Agra, who, by its order dated 09.01.2012, confirmed the order of the assessment. Still feeling aggrieved by the order of the Commissioner of Income Tax (Appeals), Agra, the appellant preferred appeal before th....
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....oan given by the two persons as mentioned in the assessment order is concerned, the same was through banking channels and there was no occasion to doubt the genuineness and the credit worthiness of the same. Learned counsel for the respondents has strongly opposed the contention of the appellant and has relied upon the finding of fact recorded by the Tribunal as well as the judgment and order pas....