2007 (2) TMI 685

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ransaction did not materialise - Held that:- The Assessing Officer was of the view that the amount represented sales of gold made by the Appellant on earlier occasions and that the sale proceeds were being carried back to Delhi. The departmental authorities have considered the statements of some persons such as Arun Kumar, Neeraj Kumar and Kimti Lal, who were examined by the Department as well as .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... June, 2000. The Appellant was returning from Amritsar by train and he was found in possession of ₹ 30,00,000/- cash. According to the Appellant, he had gone to Amritsar to make some purchases of gold but the transaction did not materialise. The Assessing Officer was of the view that the amount represented sales of gold made by the Appellant on earlier occasions and that the sale proce .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X