Chny/2018 (AYs: 2013-14 & 2014-15)
:- 3 -:
passed u/s. 143(3) r/w. 153 A of the Income ... assessment
year 2014-15 based on incriminating material and sworn statement u/s.
132(4) of the Act. Accordingly, the AO had completed the assessment
Ernakulam thereupon issued a summons u/s.
131 to the assessee and took a sworn statement from him on 23.4.1999. The
sworn statement was taken ... Kavitha
Theatre at Rs.2, 75,00,000/- which in the sworn statement u/s. 131 the assessee
had stated the sale consideration
venture capital company as referred to in
clause tegFE) of section 10.]
5.2.1 It is evident from the above that if any sum is
credited ... seizure operations conducted
under section 132 of the Act by giving sworn
statements u/s 132(4) that they have given only
accommodation entries through
reading of the aforesaid statement, it is clear that the
sworn statement given by the respondent under Section 200 Cr.P.C., is
totally against ... their
husband's head after marriage. Whereas in the sworn statement recorded
under Section 200 Cr.P.C., she has stated that the aforesaid
have perused the sworn statement, plea recorded,
statement of the accused u/S 313 of Cr.P.C. recorded by the
trial court and impugned ... time of
recording the sworn statement at precognizance stage and
directly recorded the accused statement u/S 313 of Cr.P.C. on
basis
were issued and served on the assessee. A sworn
statement u/s 131 of the Act was recorded from the assessee
on 16/05/2013 ... based on the sworn statement of third
party without any corroborative evidence and ignoring
the sworn statement of the assessee.
3. Alternatively
turn arises out of an order passed by the Assessing
Officer,u/s 143(3)/147 of the Income Tax Act, 1961 (hereinafter referred ... ignoring the statement of
Shri Arun Kr. Nangalia who had admitted in his sworn statement u/s. 132(4) of the IT. Act,
of providing
working. The bench also wanted to see the relevant
seized material, the Statement u/s 132 (4) and its retraction. In reply, it was submitted ... made on
the basis of sworn statement u/s 132 (4) dated 10.02.2012, copy available on pages 1
to 13 of the paper book which
sentence from the sworn statement to confirm the
assessment. It is submitted that reading the statement as a whole and
statements elsewhere, it is abundantly ... Assessing Officer after confronting the same to the assessee while
recording sworn statement u/s. 132(4) of the Act. Being so, it cannot
Income Tax as required in terms of Section 151(2) and
(ii) that the sworn statements recorded from the partner could not form
the sole ... gone ahead with the
impugned proceedings based solely upon the sworn statement recorded
under Section 133A from one of the partners.
19. A statement recorded
