2010 (9) TMI 212

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..... res - for different assessment years - sale was done through one broker namely M/s R.N. Agarwal & Co - Assessing Officer held then to be bogus transaction on the statement of Sri RN Agrawal - RN Agrawal not made available for the cross examination - Held that: - Tribunal rightly did not rely upon the statement of Sri RN Agrawal as he was not made available for the cross examination despite the fac .....

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..... 6 ITA-121(D)/09 CIT Vs. Dilbag Rai Arora 2004-05 7 ITA-125(D)/09 CIT Vs. Dilbag Rai Arora 2005-06 8 ITA-123(D)/09 CIT Vs. Smt. Nirmal Arora 2001-02 9 ITA-126(D)/09 CIT Vs. Smt. Nirmal Arora 2004-05 10 ITA-109(D)/09 CIT Vs Arun Kumar Arora 2002-03 11 ITA-112(D)/09 CIT Vs. Arun Kumar Arora 2001-02 12 ITA-122(D)/09 CIT Vs. Arun Kumar Arora 2005-06 13 ITA-113(D)/09 CIT Vs. Smt. .....

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..... those appeals were dismissed by a common order dated 22.10.2008 by the Tribunal. Hence the present appeal. 6. We have heard Sri A.N. Mahajan, learned counsel for the appellant and Sri Ashish Bansal for the respondents. 7. The sole point before the income tax authorities was whether the purchase and sale transaction of the shares was bogus transaction or not. The Assessing Officer held then .....

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