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2019 (11) TMI 1863
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....C.J. Singh, JCIT-SR-DR ORDER PER S.S. Godara, Judicial Member:- This assessee's appeal for assessment year 2008-09 arises against the Commissioner of Income Tax (Appeals)-6 Kolkata/s order dated 09.03.2016 passed in case No. 245/CIT(A)-6/Kol/2015-16, involving proceedings u/s 143(3) r.w.s. 263 r.w.s. 147 of the Income Tax Act, 1961; in short 'the Act'. Heard both the parties. Case file....
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....the assessee has availed accommodation entries from the investor parties which have not put in appearance before lower authorities and therefore, the impugned share application / premium amount has rightly been added as unexplained cash credits. He invited our attention to the Assessing Officer's consequential assessment order dated 26.03.2014 to this effect. It is further submitted that the asses....