R.VASUKI,COIMBATORE vs. DCIT, COIMBATORE
In the result, the assessee’s appeal is dismissed
ITA 899/CHNY/2015[2010-11]Status: DisposedITAT Chennai01 Nov 2017AY 2010-11
Bench: Shri Sanjay Arora & Shri Duvvuru Rl Reddy
For Appellant: Mrs. Veni Raj, Jt. CITFor Respondent: 03.08.2017
Section 131Section 133ASection 139(5)Section 143(3)Section 148Section 271(1)(c)
bogus share application money having been found earlier during the course of the survey proceedings.
3. We have heard the parties, and perused the material on record.
3
R.Vasuki v. Dy. CIT
The burden of proof to establish the genuineness of the credits and the capacity of the creditors, the share applicants in the present case, was on the company