2024 (3) TMI 1339

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....; 1 : Mr. Varun K. Patel (3802), Mr. Dev Patel. For the Opponent No.  1 : None. ORAL ORDER PER : HONOURABLE THE CHIEF JUSTICE MRS. JUSTICE SUNITA AGARWAL 1. Having noted the findings of the facts returned by the Commissioner of Income Tax (Appeals) ('CITA', in brief) and the Income Tax Appellate Tribunal ('ITAT', herein after), we may record that, essentially, the proceedings under Secti....

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....th respect to the amount entered in the excel sheet found from the possession of the assistant working with the developer, is sufficient proof of the transaction between the assessee and the developer. 3. We find inherent fallacy in this submission, inasmuch as, there is no basis for conducting proceedings against the assessee merely for the fact that the developer had paid tax on the amount show....