capital gains' through share market hawala operations. They
have obtained bogus backdated purchase bills of shares and such
shares were received in physical format ... term capital gains.
ii. The assessee's in the group have backdated the
purchase of shares as the same have been paid
either through
assessee, the AO was of
the firm opinion that the assessee has backdated the supposed purchases
which have been shown to having been paid ... Products were bogus as no actual
purchases were ever made and only backdating of purchases were done
so that the unaccounted cash is brought into
officer to hold that the assessee had travelled backward in time and backdated events. The assessee submitted that fax sent a note that had been
such as forgery, interpolations and tampering of the original
despatch registers, backdating of proceedings etc. It is alleged
that the AO has "falsely created
2012. This dearly shows that the notice
u/s 142(1) was backdated by putting the date two days prior to the
submission made
Asst Cit 25(2), Mumbai vs Pratiksha Shah, Mumbai on 3 October, 2017
आयकर अपील
Dcit, Circle-2(1)(1), Mumbai, Mumbai vs M/S Kundan Jewellers Pvt Ltd , Mumbai
order makes it clear that even if there had been no backdating by the AO, that would not have made any difference to the ultimate ... decision of the Tribunal. Therefore, notwithstanding that there is no backdating of the orders passed by the AO in the case before us, the ratio
with date and time using the
automatic machine and backdating is not possible as the said machine is
directly.-connected with the server
time, the AO cannot presume that Audit report is invalid or was backdated. The
best judgment assessment cannot be passed using material, which was gather
