that the assessee is engaged in the business of work of
Angadia firm since last many years. Alongwith that he was doing his
personal work ... also like an Angadia. Since he has started working for land
dealings also he was earning some margin in that also. He is also having
made by their tile dealers on their behalf and sometimes through
Angadias. However in second statement he has stated that cash
payment was made ... shows that
when no evidence of cash paid through dealers or Angadias were found
the officers made him to state that cash was paid
2006 at the Rajkot
branch of the assessee. The assessee is in Angadia business. The
assessee is carrying courier packets stated to be containing goods ... required
at the branches which was necessary for the running of angadia business.
It was explained to AO that the assessee is running 20 branches
Surat.
2. The assessee is a firm and carries on Angadia business with head office at Surat and branches at different places in India including ... that looking to the peculiar nature of the business i.e. of Angadia business carried on by the assessee firm, the learned
which
luggage belonging to about 8 to 10 angadias were being transported
from their offices situated at Bhuleshwar area to Mumbai Central
Railway station ... said van was jointly hired by the various angadias
to carry the valuable parcels from their offices for the security purpose,
as many times
addition made by Assessing
Officer on account of sawing labour expenses, postage, angadia expenses
and factory expenses. For this, Revenue has raised the following ground ... Assessing Officer on account of Sawing
labour expenses, postage and Angadia Expenses and Factory
Expenses."
And assessee has raised the following ground
assessee would
be justified "only in the eventuality when the respective angadias disown the
assets and the specific assets are released in their hands ... carried by
the assessee to be delivered to the persons of the angadias in Delhi or
Ahmedabad. The Assessing Officer has remarked that the FEMA
that
he had handled cash of the assessee by collecting them from angadias.
The average cash handled per year was stated ... over/collecting tapals to/from courier people, who are
also called as angadias in the trade parlance. Accordingly, the assessee
contended that no credence should
that
he had handled cash of the assessee by collecting them from angadias.
The average cash handled per year was stated ... over/collecting tapals to/from courier people, who are
also called as angadias in the trade parlance. Accordingly, the assessee
contended that no credence should
assessee submitted that
the money transactions may also be held as "Angadia" business (money
transfer agency), as he has facilitated both receipts ... alternative contentions of the assessee that
they may be taken as either Angadia transactions (money transfer agency) or
actual business transactions. With regard
