9911796707
TMI Blog2014 (4) TMI 316X X X X Extracts X X X X X X X X Extracts X X X X ..... st was passed to the constituents - the issue of addition as income from other sources - the question formulated at the time of admission of the appeal - It cannot be said that the view taken by any of the authorities is inconsistent or arbitrary - Even before the Tribunal, the assessee did not disclose any evidence, far less satisfactory evidence, to show that the money admittedly received by him ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s.13,99,428/- paid by New Central Jute Mills Co. Ltd. for delay in payment of the price of raw jute supplied by the appellant s upcountry constituents and its purported findings in that behalf are inconsistent, arbitrary, unreasonable and perverse? The facts and circumstances of the case, briefly stated, are as follows. The assessee did not at all disclose his income arising out of the deal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eceived interest amounting to a sum of Rs.10,57,476/- and had passed on the same to the suppliers of jute. The aforesaid contention of the assessee was not accepted either by the Assessing Officer or by the CIT(Appeals). Before the learned Tribunal, the assessee sought to rely on some additional documents in order to show, by way of sample, that the assessee had been billed by the suppliers of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent or arbitrary or unreasonable or perverse. Even before the learned Tribunal, the assessee did not disclose any evidence, far less satisfactory evidence, to show that the money admittedly received by him on account of interest was passed on to the suppliers of jute. Therefore, the view taken by the learned tribunal could not have been otherwise. Mr. Khaitan, learned Senior Advocate appearing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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