2024 (5) TMI 593

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.... This assessee's appeal for assessment year 2016-17, arises against the Addl./JCIT(A)-7, Kolkata, Kolkata's Din and Order No.ITBA/APL/S/250/2023-24/1058756400(1), dated 14.12.2023, in proceedings u/s. 143(3) of the Income Tax Act, 1961 (in short "the Act"). Heard both the parties. Case file perused. 2. The assessee's sole substantive grievance herein challenges correctness of both the learne....

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.... filed before civil court against a third party M/s JK Enterprises. Appellant had stated that he had no trading transaction with third party, M/s JK Enterprises , rather had a share trading account with M/s JK Enterprises. The AO had made detail third party enquiry and gathered enough evidence from M/s JK Enterprises like copy of confirmation for free safe sugar given copy of respective d....