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TMI Blog2020 (3) TMI 127X X X X Extracts X X X X X X X X Extracts X X X X ..... Through: None. O R D E R CM APPL. 6383/2020 (exemption) 1. Exemption allowed, subject to all just exceptions. 2. The application stands disposed of. ITA 107/2020 & CM APPL. 6384/2020 (delay) 3. There is delay of 150 days in filing the appeal. 4. We have heard learned senior standing counsel for the Revenue on merits. Since we are not inclined to interfere in the present appeal, we do not de ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation was conducted on 20.02.2007 on Taneja Developer and Infrastructure Ltd. During the said survey, certain documents were seized. It appears that three loose sheets were recovered during the said survey which belonged to the assessee. The said sheets contained particulars "broker-wise due as on 12.01.2005". The said sheets contained the tabulation, giving the name of the broker and against the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ppeal preferred by the revenue. 7. Ms. Malhotra, senior standing counsel submits that the respondent- Assessee does not dispute that the loose sheets recovered during survey operations from Taneja Developers and Infrastructure Ltd. indeed belong to the assessee. She submits that the broker wise dues reflected in the said loose sheets was the income of the assessee during the assessment year in qu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AY 2005-06, and that in respect of the said bookings, further amounts were to be received in subsequent years was completely a plausible explanation. Indeed, the assessee disclosed in its books of accounts further receipt of Rs. 1,34,59,86,447/- in the subsequent years, and the assessee also reflected the balance amount due as Rs. 7,88,50,502/-. 9. In the aforesaid circumstances, we are of the v ..... X X X X Extracts X X X X X X X X Extracts X X X X
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