2018 (11) TMI 1687

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..... ion in the tax appeal, especially when there are concurrent finding of facts by the Income-tax Commissioner (Appeal) as well as the Income-tax Appellate Tribunal. Those statements were produced before the Appellate Authority authenticity of which was not in question or doubt, therefore, the Appellate Authority accepted the position and set aside the order of the Assessing Authority. Such findin .....

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..... unal. 3. We have also noticed that the only reason why the Assessing Authority creating tax liability was failure on the part of the assessee to produce evidence with regard to some of the investors which was by way of a Bank statement. 4. However, those statements were produced before the Appellate Authority authenticity of which was not in question or doubt, therefo .....

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