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TMI Blog2019 (2) TMI 1207X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee's explanation that the amount was withdrawn from the bank account and gave to Ms. Rani Mukherjee for safe keeping on the ground that it is difficult to believe that a person who withdraws money from the bank account gives it to someone else for safe keeping. The assessee had not offered any explanation why he took such a recourse. It was not the case of the assessee that he needed urgent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hchan and Mr. Amitab Bachchan as non-existent? (ii) Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in ignoring that the appellant had voluntarily offered to tax the liabilities due to Mr. Abhishek Bachchan and Mr. Amitab Bachhan in assessment year 2004-05 when the liabilities became time barred? (iii) Whether on the facts and in the circu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he assessee was not available for confirming these details and Ms. Rani Mukherjee offered the same to tax as her undisclosed income for the block period. The explanation was not accepted by the Department. On the basis of the material gathered during the search, it was held that the amount of ₹ 6 Lacs was the income of Ms. Rani Mukherjee from Bata Advertisement which was arranged by the asse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6 Lacs represented the assessee's unaccounted expenditure. Secondly, the Tribunal did not accept the assessee's explanation that the amount was withdrawn from the bank account and gave to Ms. Rani Mukherjee for safe keeping on the ground that it is difficult to believe that a person who withdraws money from the bank account gives it to someone else for safe keeping. The assessee had not of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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