conducted by CBDT is mostly restricted to
database (e.g. ITRs, ITD database, MCA portal) as
suspected business entities were found to be non-existent
share application money. During the pre-
search enquiries (both through ITD database as well as discrete enquiries), it was
found that the investor companies ... Tower-1, Rajendra Place Delhi
(office of a Chartered Accountant). The ITD database also showed that the
investor companies are filing returns with meager incomes
regard, enquiry was carried out on ITBA. e-filing
portal and ITD database and on perusal of the ITR as filed by
the assessee ... regard, enquiry was carried out
on ITBA, e-filling portal and ITD database and on perusal of
12
ITA No. 565/PAT/2024
share application money. During the pre-
search enquiries (both through ITD database as well as discrete enquiries), it was
found that the investor companies ... Tower-1, Rajendra Place Delhi
(office of a Chartered Accountant). The ITD database also showed that the
investor companies are filing returns with meager incomes
physical verification as well as from the ITD
database it is gathered that the return has been filed by
the assessee
assessee
himself. The credentials of these companies available on ITD
database was also analyzed and on the basis of all available
evidences
assessee
himself. The credentials of these companies available on ITD
database was also analyzed and on the basis of all available
evidences
recorded that on physical verification as well as from the ITD
Database, it had been gathered that the assessee has not filed
the return ... said information ought to have been available on the ITD
Database available to the AO. The assessment order
acknowledges filing of income tax return
transactions are cast deposits followed by RTGS debits. On perusal the
ITD database, it has been found that the assessee has never filed his
return
Investment during the relevant F.Y.
However, on verification of the ITD database, and comparison
of the Balance Sheet
