assessee at the
stage of revisionary proceedings has tried to introduce
material/documents the veracity of which has not been explained at
all to claim
otherwise it will be very easy to
make self-serving statements in documents either executed or taken by
a party and rely on those recitals ... wants to
evade tax is to have some recitals made in a document either executed
by him or executed in his favour then the door
Rajendra And Ursula Joshi Holdings ... vs Principal Commissioner Of Income ... on 24 August, 2022
vk
otherwise it will be very easy to
make self-serving statements in documents either executed or taken by
a party and rely on those recitals ... wants to
evade tax is to have some recitals made in a document either executed
by him or executed in his favour then the door
that the evidences and documents submitted by the assessee are
not relevant or do not explain the source of capital introduced by the
partner ... ITAT is humbly requested firstly to appreciate the
documents submitted explaining the capital introduced by the partner and
delete the additions. Secondly
Acit , Alwar vs Prime Chem Oil Ltd.,, Alwar on 10 March, 2017
vk;dj vihyh
loan
is well substantiated with adequate documents, In our reply dated 29 Nov 2019 we have
produced following documents to prove the genuine procurement ... documents from the assessee for which the assessee submitted the part reply and
thus failed to prove the sources of deposit, sources to introduce capital
such seized Cash of Rs. 5,34,000/- along with the source
documents comprises Cash Book of M/s Vinayak Enterprises
(Proprietorship Firm ... with other
supporting documents viz. Bank Book, Shop Act Registration of Vinayak
Enterprises and other documents in support of cash introduced in Cash
Book
proposed that the
whole scheme would be treated as an attempt to introduce undisclosed income and
LTCG amounting to Rs. 13,70,805/- was proposed ... account of
undisclosed income. The assessee vide reply dated 07.12.2017 enclosed relevant
documents and submitted as under :
1) Purchase was made through account payee cheque
confirmed by
CIT(A) for making the addition on the basis of document marked as A-5,
15
ITA No. 566/JP/2013 ... Income (Approx) 2,50,00,000/-
Unaccounted money on account of loans introduced in 83,07,825/-
the assessee's books
Addition made
