9911796707
TMI Blog2015 (3) TMI 453X X X X Extracts X X X X X X X X Extracts X X X X ..... all dispose of ITA-324-2014 and ITA-326-2014. For the sake of convenience, facts are being taken from ITA-324-2014. The appellant challenges order dated 11.03.2014, passed by the Income Tax Appellate Tribunal Delhi Bench 'E', New Delhi, (hereinafter referred to as the 'Tribunal'), affirming the imposition of penalty under Section 271(1)(c) of the Income Tax Act, 1961 (hereinafter ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e the genuineness of the gift. The appellant was unable to produce Sh. Sunil Kumar Garg. The address supplied by the appellant was found to be incorrect. The assessing officer added Rs. 2 lacs to the capital account of the assessee, for the assessment year 2002-03. The order of assessment has attained finality with dismissal of the quantum appeals filed by the appellant. The appellant was thereaft ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ty of the donor, could not prove the genuineness of the transaction or even the identity of the donor. Even the address of the donor supplied by the appellant was found to be false. It is, therefore, apparent that the appellant made an intentional attempt to evade tax by setting up a false gift. The impugned orders passed after considering all relevant facts and recording satisfaction in terms of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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