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TMI Blog2021 (11) TMI 1113X X X X Extracts X X X X X X X X Extracts X X X X ..... T:- No details of re-payment to M/s. Sheela Credit Leasing Limited has been submitted. Therefore, the bench held that agreement to sell entered into by the assessee with M/s. Sheela Credit Leasing Limited was a sham agreement and it was made just to explain the source of money deposited in the bank account of the assessee. We find that assessee has submitted letter dated 21st June, 2017 wherei ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... App. No. 174/Del/2018. [in ITA. No. 3634/Del/2016] - - - Dated:- 11-11-2021 - SHRI KUL BHARAT, JUDICIAL MEMBER AND SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER For the Assessee : Shri Jai Bhagwan Sharma, C. A. For the Department : Shri Harpal Singh, Sr. D. R. ORDER PER PRASHANT MAHARISHI, A. M. 1. This Miscellaneous Application No. 174/Del/2018, under Section 254(2) of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eas we had produced confirmation from M/s. Sheela Credit Leasing Limited regarding payments made by the assessee to M/s. Sheela Credit Leasing Limited vide letter submitted dated 21.06.2017. For your kind reference, we are once again submitting herewith letter dated 21.06.2017 alongwith confirmation from M/s. Sheela Credit Leasing Limited regarding payments made by the Assessee. Hon ble I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Credit Leasing Limited has been submitted. Therefore, the bench held that agreement to sell entered into by the assessee with M/s. Sheela Credit Leasing Limited was a sham agreement and it was made just to explain the source of money deposited in the bank account of the assessee. We find that assessee has submitted letter dated 21st June, 2017 wherein in para No. 3 the assessee referred to th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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