2016 (6) TMI 384

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..... nt of share application money etc, the AO did not conduct any inquiry to verify the said documents. He only relied on the report of investigation which in turn was based entirely on the statements of the alleged accommodation entry providers The Court is not willing to accept the submission of revenue to urge that in such event the matter should be remanded to the CIT (A) for a fresh considerat .....

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..... nt is putting forth in all such applications for condonation of delay in filing of the appeal is regarding the practice directions issued by the Court pertaining to filing of soft copies of the paperbooks in tax matters. Sufficient advance notice had been given to the litigants and Advocates about the filing of soft copies of the paperbooks. Further, the Registry of the Court had made appropriate .....

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..... cer (AO) of ₹ 1,20,00,000/- to income disclosed in the return filed for AY in question on account of unexplained credit under Section 68 of the Income Tax Act, 1961 ('Act'). 6. Learned counsel for the Revenue does not dispute that in the present case despite the Assessee furnishing confirmation from the investor companies, their acknowledgment returns, certificates of incorporatio .....

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