2023 (4) TMI 41

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Shri Keyur Patel, CIT-DR ORDER PER SATBEER SINGH GODARA, JM : These twin assessees' as many appeals, for assessment year 2013-14, arise against the CIT(A)-2, Thane's common order dated 28.09.2018 passed in case nos.11001 & 10217/2016-17 respectively, in proceedings u/s.143(3) of the Income Tax Act, 1961 (in short "the Act"). Cases called twice. None appears at assessees' behest. They are accor....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... assessment year 2014-15. He has also filed on record the copy of the tribunal's order to this effect inter alia holding therein that the instant former assessee had failed to prove genuineness and creditworthiness of the unexplained cash credits in issue in light of Sumati Dayal vs. CIT [1995] 214 ITR 801 (SC), CIT vs. Durga Prasad More [1971] 82 ITR 540 (SC) and PCIT vs. NRA Iron & SteelPvt. Ltd....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... value as per the prescribed methods. It is in this backdrop that we note from a combined perusal of both these case files that not only the assessees' have failed to file all the supporting evidences during the course of assessments dated 23.03.2016 but also in remand proceedings before the Assessing Officer in light of CIT(A)'s corresponding directions. We, therefore, adopt judicial consiste....