2018 (10) TMI 1969

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....For the Respondent : Shri C.J. Singh, Addl. CIT ORDER Per J. Sudhakar Reddy :- Both these appeals filed by the assessee are directed against the common order of the ld. Commissioner of Income Tax (Appeals)-10, Kolkata (hereinafter the 'ld. CIT (A)'), passed u/s 250 of the Income Tax Act, 1961 (the 'Act'), dt. 19/01/2018, for the Assessment Year 2014-15. 2. As the issues arising in both....

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....d. 3. The assessee carried the matter in appeal and the ld. CIT(A), Kolkata, had upheld the addition. The ld. CIT(A) has in his order relied upon "circumstantial evidence" and "human probabilities" to uphold the findings of the AO. He also relied on the so called "rules of suspicious transaction". No direct material was found to controvert the evidence filed by the assessee, in support of the g....

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....uspicion, conjectures and surmises. We have in all cases deleted such additions. Some of the cases were detailed finding which are listed below :- Sl.No ITA Nos. Name of the Assessee Date of order/Judgment 1. 1236-1237/K/17 ITAT - Kolkata Manish Kumar Baid & Others vs ACIT 18.08.2017 2 443/Kol/2017 Kiran Kothari (HUF) vs ITO 15.11.2017 3.  22 of 2009 ....