2019 (8) TMI 657

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... (PER : HONOURABLE MR.JUSTICE J.B.PARDIWALA) 1. This tax appeal under Section 260A of the Income Tax Act, 1961 [for short 'the Act, 1961'] is at the instance of the assessee and is directed against the order passed by the Income Tax Appellate Tribunal, "SMC" Bench, Ahmedabad in the ITA No.860/Ahd/2015, dated 15/10/2018 for the A.Y 2006-07. 2. The appellant - assessee has proposed ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....corded the following findings:- 8. I find that there are no arguments before me to dislodge the findings of the CIT(A). All that the assessee has submitted is that the lenders have categorically confirmed the fact of giving loans, and, for that reason these credits should be held to be genuine. As regards the alleged gift of Rs. 4,00,000 and accumulated past savings which are alleged to b....