2016 (9) TMI 1676

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....nt : Smt. R. M. Madhavi, DR ORDER PER D. KARUNAKARA RAO, AM: This appeal filed by the assessee on 23.2.2012 is against the order of the CIT (A)-38, Mumbai dated 19.12.2011 for the assessment year 2007-2008. 2. In this appeal, assessee raised four grounds in toto. The only issue involved in the grounds relates to the addition on account of purchase of paintings from different parties on....

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....elating to the purchase and sale of the said paintings and submitted that the legal proposition and the findings given by the Tribunal in the case of Mrs. Kavita Singh (supra) apply to the facts of this case. He also submitted that Mrs. Kavita Singh, in whose case the Tribunal decided the issue in favour of the assessee is the Director of the instant assessee-company. 4. After hearing both the ....

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....vided in the books of account of the assessee. That, in the sales are genuine and the corresponding purchases cannot be possibly an in-genuine one. Moreover, the right of cross examination which was prayed for by the assessee was also not allowed to her. If this opportunity would have been given, the picture would probably much more clear. That, furthermore, the decision of Hon‟ble jurisdict....