2020 (2) TMI 1754

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....sessee's two appeal(s) for assessment years 2014-15 & 2015-16, arise against the Commissioner of Income-tax (Appeals)-14, Kolkata's separate orders; both dated 16.05.2019 passed in case Nos.CIT(A), Kolkata-14/10571/2016-17 and citia,Kolkat-14/10109/2017-18, respectively involving proceedings u/s. 143(3) of the Income Tax Act, 1961; in short 'the Act'. Heard both the parties. Case files perused.....

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....upport of both the parties. It emerges that from a perusal of these case files that although the assessee has produced her documentary evidence before the lower authorities about the impugned sums to be in the nature of income derived from the sales of shares, the fact remains that her detailed explanation tendered in the course of assessment till date does not sufficiently discharg her onus on pr....