finding of such report which directly accuses the assessee in
any wrongful actions. The AO has merely carved out certain features/modus-operandi
of companies
erred in rejecting legally admissible evidence and wrongly took adverse view
16
ITA No. 834/Kol/2018
Madhu Killa. AY 2014-15
against the claim ... finding of such report which directly accuses the assessee in any wrongful actions. The AO
has merely carved out certain features/modus-operandi of companies
case the Ld.
CIT(A) was wholly wrong and unjustified in confirming the action
of the A.O in wrongly initiating the" proceeding ... proceedings were initiated well within
time to recompute the allowance wrongly allowed, the action of the
Assessing Officer in reopening the case was justified
erred in rejecting legally admissible evidence and wrongly took
adverse view against the claim of assessee based on surmises, suspicion and conjecture ... finding of such report which directly accuses the
assessee in any wrongful actions. The AO has merely carved out certain features/modus-
operandi of companies
Shri Udit Agarwal, Kolkata vs Dcit(It)-2(1), Kolkata, Kolkata on 26 December, 2018
report also does not in any way point out any
wrong action against the assessee's broker or the scrips. We note that there
fact in not giving
relief to the assessee on account of wrongful action of the assessing officer in
subjecting to tax the exempt mutual fund
legally admissible evidence and
wrongly took adverse view against the claim of assessee based on surmises, suspicion and
conjecture. This action ... finding of such report which directly
accuses the assessee in any wrongful actions. The AO has merely carved out certain
features/modus-operandi of companies
data base does not throw any light of assessee's wrong action and their
connection with M/s. Avenue Dealers Pvt. Ltd. which
case the Ld. CIT(A) is erred in
by upholding the wrongful action taken by Ld. AO by not granting the differential
amount
