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TMI Blog2024 (2) TMI 702X X X X Extracts X X X X X X X X Extracts X X X X ..... ssessing officer as to the genuineness of the transaction, no credible/ tangible material was brought on record by the assessing authority as may have led to any satisfaction or finding that the transaction was not genuine. The assessee not only disclosed the name of the jeweller s to whom the jewellery was sold by the creditors of the assessee but it also established the mode of payment throug ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rawal, learned Senior Advocate, assisted by Sri Nitin Kumar Kesharwani, learned counsel counsel for the assessee. 2. Present appeal has been filed under Section 260-A of the Income Tax Act, 1961 (hereinafter referred to as the Act) arising from the order or the Income Tax Appellate Tribunal, New Delhi dated 13.4.2023 passed in ITA No. 3902/DEL/2017 A.Y. 2013-14. By that order the Tribunal has d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ad given many opportunities to the assessee for providing the source and proof of old jewellery sold by the depositor or to provide wealth tax return of old jewellery? 2. Whether, in the facts and circumstances of the case and in law, the learned ITAT has erred in deleting the addition of Rs. 3,48,00,852/-made by the AO under Section 68 of the Income Tax Act, 1961 without appreciating the fac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he suspicion raised by the assessing officer as to the genuineness of the transaction, no credible/ tangible material was brought on record by the assessing authority as may have led to any satisfaction or finding that the transaction was not genuine. The assessee not only disclosed the name of the jeweller s to whom the jewellery was sold by the creditors of the assessee but it also established t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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