2019 (1) TMI 407

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..... who executed the Power of Attorney showing that he had received the amounts from another. There were no bank details or the other party confirmation produced before the Department. No infirmity in the order of the Tribunal. We answer the question as to perversity against the assessee and in favour of the Revenue. - ITA.No. 3 of 2011 - - - Dated:- 11-12-2018 - Mr. Justice K. Vinod Chandran A .....

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..... for obtaining Power of Attorney with respect to a property. The assessee had also sold the property and had filed returns showing the capital gains. However, there was no explanation as to the amounts invested by the assessee and paid to the said Raja Mukundan. 3. The assessee produced a letter from Raja Mukundan dated 27.03.2006 that he had received ₹ 10,00,000/- from Wariampath Sreekuma .....

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..... ccount of the assessee's wife and her father. The explanation was asserted to be acceptable to the Assessing Officer and the Tribunal hence deleted that portion. We find that the issue with respect to ₹ 5,91,650/- as seen from the First Appellate Authorities order was discovered only after Annexure A order. The submission of the assessee that the Assessing Officer was satisfied of the ex .....

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