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TMI Blog2023 (11) TMI 1358X X X X Extracts X X X X X X X X Extracts X X X X ..... nable Information Monitoring System (AIMS), as per the investigation conducted by the Kolkata Investigation Directorate that the assessee was said to be one of the beneficiaries of accommodation entry by way of bogus LTCG/STCG. The assessee has declared income from house property, business, capital gains and income from other sources and had declared gain on sale of shares during the year under c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l Centre ('NFAC' for short) passed u/s. 250 of the Income Tax Act, 1961 ('the Act'), pertaining to the Assessment Year ('A.Y.' for short) 2014-15. 2. The assessee has challenged the addition made towards unexplained cash credit u/s. 68 of the Act and unexplained expenditure u/s. 69 of the Act along with the other consequential grounds. 3. The brief facts are that the assessee is an individua ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nging the order of the ld. CIT(A). 6. The learned Authorised Representative ('ld. AR' for short) for the assessee contended that the ld. CIT(A) has failed to consider the documentary evidence filed by the assessee in support of her claim. The ld. AR further stated that the assessee has discharged the initial onus casted upon her to prove the genuineness of the transaction but the lower au ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... le on record. It is observed that the ld. A.O. based on the information available on Actionable Information Monitoring System (AIMS), as per the investigation conducted by the Kolkata Investigation Directorate that the assessee was said to be one of the beneficiaries of accommodation entry by way of bogus LTCG/STCG. The assessee has declared income from house property, business, capital gains and ..... X X X X Extracts X X X X X X X X Extracts X X X X
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