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| The Tax Publishers2019 TaxPub(DT) 8220 (Chhattisgarh-HC) INCOME TAX ACT, 1961
Section 68
Where AO made addition due to failure of assessee to produce evidence with regard to some investors by way of bank statement, considering that statements were produced before Appellate Authority, authenticity of which was not in doubt, addition was not warranted.
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Income from undisclosed sources - Addition under section 68 - Bank statement of investors produced befire Appellate Authority -
AO made addition on account of failure on part of assessee to produce evidence with regard to some of investors by way of bank statement. Held: Those bank statements were produced before Appellate Authority, authenticity of which was not in question or doubt. No question of law arose for consideration in tax appeal, especially when there were concurrent finding of facts by CIT(A) as well as Tribunal.
REFERRED :
FAVOUR : - In assessee's favour
A.Y. :
IN THE CHHATTISGARH HIGH COURT
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