TaxTMI 
TaxTMI 
2025 (3) TMI 2245
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.... Act") for AY 2021-22. 2. Shri Siddharth Agarwal, Advocate appeared on behalf of the assessee and Shri Vineet Kumar, Addl. CIT appeared on behalf of the revenue. 3. It was the submission by the Ld. AR that the assessee is an individual and she did not have any specific business activity. However, during the year, the assessee has claimed that the assessee is deriving income from commission, consultancy etc. The assessee has filed her return of income declaring in the return of income the total income at Rs. 4,32,300/- and the income consists of income from capital gains and other sources. It was the submission that the assessee had sold her residential house during the relevant assessment year. The assessee is also having income from ....
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....nsaction and had taken a sum of Rs. 14,99,929/-, 1% of which comes to Rs. 15,000/-. The Assessing Officer did not accept any of the replies made by the assessee in so far as no substantial proof was produced. It was further submitted that during the year under scrutiny, she had withdrawn a sum of Rs. 2,25,000/- and kept the cash balance deposited for few days in her above bank account. The Ld. AR has placed before us an index of additional evidence which contain sample copies of sale bills in connection with the sale of jewellery, sample copies of sale bills in connection with the sale of jute bags and the statement showing details of transactions in connection with the commission income. At the time of hearing, it was submitted by the Ld. ....
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....old jewellery. The said amount in regard to the same is to an extent of Rs. 1,01,96,578/-. A perusal of the sample bills which have been produced clearly show that these bills are serially numbered. It is claimed by the assessee that the names and addresses are available in the bills. It is claimed that these sales have been made to friends and relatives. Admittedly, these evidences were not filed before the Assessing Officer. This being so, in the interest of justice, the issue of the sale of gold coins and gold jewellery are restored to the file of the Assessing Officer for verification after granting the assessee, adequate opportunity to substantiate her case. The assessee shall produce the purchasers of the jewellery before the Assessin....
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....edit, the names of the sellers are unavailable nor are they are in possession. The Assessing Officer shall examine the entire transaction in that regard. Coming to the issue of commission, the assessee in her reply has given the meaning that the commission was for the cash deposit in her bank account and the subsequent issue of cheque but now the Ld. AR has submitted that the transaction is in regard to the commission received by the assessee on account of assistance to her well wishers and family friends in the purchase and sale of properties. In any case, the list of the persons from whom she has received the commission has been provided. The Assessing Officer shall examine each of these persons to verify whether they have purchased or so....
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....ADHA DEBI 1.00,000.00 14.12.2020 SUNITA JOTI 36,000.00 22.12.2020 KAPIL DEO PARSAD 25,000.00 30.12.2020 RIMA - JUTE BAG PURULIA 4,60,000.00 07-Dec-20 ANUP KHUB CHANDANI 5,300.00 14.12.2020 MANISH AGARWAL 20,000.00 25.01.2021 SANJAY GUPTA 63,000.00 27.01.2021 SHYAM KISORE TRIPATHI 47.000.00 27.01.2021 SUNITA SHARMA 11,000.00 30.01.2021 PARAKSAH CHANDRA RASTOGI 35,000.00 30.01.2021 ANUP KHUBCHANDANI MARANATH 7,000.00 08.03.2021 PANPANA DILLESWAR REDDY 15,000.00 11.01.2021 SUNITA SARMA 10,689.00 30.01.2021 PRAKASH CHANDRA RASTOGI 34,500.00 30.01.2021 O P MUNDHRA 30,000.00 02-Feb-21 PURNIMA DAS 1,000.00 23-Feb-21 B KAYVA 15,000.00 10.03.2021 VIKASH RAJGARIA 50,000.00 01.03.2021 KAPIL DEO PARSAD 32,000.00 17.03.2021 AKRITI 25,....