Acit, Chennai vs Naresh Prasad Agarwal, Chennai on 27 June, 2018
-1- ITA Nos. 1447
both the
properties is Rs.3,10,000/-. Further in the sworn statement recorded u/s. 131 of
the Act from Shri K.R. Ramesh ... Assessing Officer
disallowed the expenditure on the basis of the sworn statement recorded u/s.
131 of the Act of Shri Russel Mehta
have any information with respect to Navkar Trading
Company. A sworn statement u/s 131 of the 1961 Act was recorded ... have any
information with respect to Navkar Trading Company. A sworn
statement u/s 131 of the 1961 Act was recorded
assessee's business:
ShriKewal Chand, the assessee had in his sworn statement u/s.
131 dated 16.12.2011, stated that he was carrying on real ... above facts go in consonance with the assessee's sworn statement that
he is carrying on real estate business for the past 25 years
Bagla was asked to furnish his explanations. In response in his sworn statement u/s
132(4) , Shri Harish Bagla, Director of the appellant
Abdul
Razak ] to bring home the point that the sworn statement
under Section 132(4) has evidentiary value in the
proceedings under ... sworn statement, is the contention taken
by the Revenue.
4. Dhakeswari Cotton Mills Ltd. (supra) was relied
on to urge that the sworn statement taken
have appeared before the AO and the AO has recorded their
sworn statement u/s. 131 of IT Act before and the assessee requested ... appeared before the
AO and recorded their sworn statement and in the statement recorded u/s.
13 , 1 these persons have accepted that they have
cash
deposit in the bank account, the assessee in his sworn statement recorded u/s
131 of the Act on 29.01.2015 during the course ... serious doubt
particularly when compared with the sworn statement made by the appellant
u/s 131 of the Act during assessment proceedings. Accordingly
reply given by Sri A D Shivaprakash, in the statement
recorded on the date of survey i.e. 12/02/2013 is re-produced
below ... hands of M/s. Yepiyes Fashion Paradise.
In this regard, the sworn statement u/s. 131 recorded from Sri A
D Shivaprakash
examined Smt. Shampa Ghosh on oath and
recorded sworn statement u/s 131(1) of the Act on 04.09.2015 wherein he had
categorically stated that ... said sworn statement, she had also stated the source for advancing
loan to the assessee. The copy of the said sworn statement is enclosed