2018 (11) TMI 1939

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....Shri Sankar Halder, Sr. D/R. ORDER PER J. SUDHAKAR REDDY, AM :- This appeal filed by the assessee is directed against the order of the Learned Commissioner of Income Tax (Appeals)-10, Kolkata, (hereinafter the 'Ld. CIT(A)'), dt. 19/04/2018, passed u/s 250 of the Income Tax Act, 1961 (hereinafter the 'Act'), relating to Assessment Year 2014-15. 2. The sole issue that arises for our adju....

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....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 genuineness of the transactions. In other words, the overwhelming evidence filed by the assessee remains unchallenged and uncontroverted. The entire conclusions drawn by the revenue....

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.... 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 Calcutta High Court CIT, Kolkata-III vs Bhagwati Prasad Agarwal 29.04.2009 4. 456 if 2007 Bombay High Court CIT vs Shri Mukhesh Ratilal Marolia ....