based on the private records, the
statements of tile manufacturers and Shroff/ Angadias is concerned; it is argued by
the appellants that the entire exercise ... statements of ceramic tile manufacturer
and the statements of Shroffs and Angadias. The amount so worked out has been
worked
based on the private records, the statements of tile
manufacturers and Shroff/ Angadias is concerned; it is argued by the appellants that the
entire exercise ... statements of
ceramic tile manufacturer and the statements of Shroffs and Angadias. The amount so
worked out has been worked
based on the private records, the
statements of tile manufacturers and Shroff/Angadias is concerned; it is argued by
the appellants that the entire exercise ... statements of ceramic tile manufacturer and the statements of Shroffs and
Angadias. The amount so worked out has been worked
recorded, wherein, he admitted that he was involved in the
business of angadia, involved in transferring the money
from one place to another, with respect ... various parties,
with the help of another angadia service providers.
Ultimately, the Ld. Assessing Officer framed assessment by
disallowing various expenses claimed by the assessee
also because the appellant failed to
furnish the purchase orders, delivery challans/ angadia receipts etc. in respect of
the said purchases of cut and polished
import diamond without
bill, directly or indirectly by taking services of Angadia. It was also admitted by Shri
Rajendra Jain in his statement that they
also because the appellant failed to
furnish the purchase orders, delivery challans/angadia receipts etc. in respect of
the said purchases of cut and polished
lakh
Section-III
1) Regd. Insured Parcel Post
2) Air Freight
3) Angadia
Section-IV
Furniture, Fixtures, Fittings at premises not
used as residence
2017
Assessment Year: 2011-12
Shri Gautam Kumar Pincha
that of Angadias and not as that what Shri Rajendra Jain has attributed
them ... directly or indirectly
by cheques / RTGS services of Angadia. So, therefore, the entire
disallowance of the purchase / expenditure is based on surmises and
conjectures
assessee. He observed that the assessee is engaged in the business of Angadia It
was unnecessarily keeping huge cash balance in the cash book with
