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TMI Blog2021 (7) TMI 298X X X X Extracts X X X X X X X X Extracts X X X X ..... This appeal by the assessee is preferred against the order of the CIT(A), Ghaziabad dated 31.01.2018 pertaining to A.Y 2014-15. 2. The sum and substance of the solitary grievance of the assessee is that the ld. CIT(A) erred in confirming the addition of Rs. 1 crore made u/s 68 of the Income-tax Act, 1961 [hereinafter referred to as 'The Act']. 3. Representatives of both the sides were ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Act at the address given by the assessee. However, the said notice was returned back by the postal authorities. Thereafter, summons u/s 131 were issued at the address given by the assessee and the summons were duly served, but no response was received by the Assessing Officer. 7. Thereafter, the Assessing Officer deputed an Income Tax Inspector for making field inspection and the Inspector, i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nces furnished by the assessee in support of its claim that the initial burden has been discharged by it. 10. When the matter was agitated before the ld. CIT(A), the assessee once again furnished all documents in support of its claim but the ld. CIT(A) endorsed the view taken by the Assessing Officer that the Director did not attend the assessment proceedings. 11. We are of the considered view t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ces furnished by the assessee which are part of the record. The only reason we find is the non-appearance of the Director before the Assessing Officer. 13. We are of the considered view that in a case where a sum is credited in the books of account of the assessee, the assessee could discharge its onus by proving three things, namely, a) The identity of the creditor b) The credit-worthiness o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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