2019 (6) TMI 1706

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.... : Shri ARV Sreenivasan, JCIT ORDER The Assessee filed this appeal against the order of the Commissioner of Income Tax (Appeals)-5, Chennai, in ITA No.166/CIT(A)-5/2016-17 dated 04.08.2017 for the assessment year (AY) 2014-15. 2. Shri Tejraj Ajey, the assessee, is an individual. While making the assessment for AY 2014-15, the Assessing Officer(AO), inter alia, added the loan creditors of ....

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....ans of account payee/RTGS etc. and being an assessee over three decades, his creditworthy could not be doubted etc. Therefore, he pleaded that the assessee may be given an opportunity to explain the transactions so that the issues could be decided on merit. Per contra, the ld. Departmental Representative supported the orders of lower authorities. 4. We heard the rival submissions and gone throu....