DHANALAXMI JEWELLERS,ANGUL vs. ITO, ANGUL WARD, ANGUL
In the result, appeal of the assessee is partly allowed for statistical purposes in terms as indicated above
ITA 153/CTK/2018[2013-14]Status: DisposedITAT Cuttack01 Oct 2019AY 2013-14
Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita No.153/Ctk/2018 (नििाारण वषा / Assessment Year :2013-2014) M/S Dhanalaxmi Jewellers, Vs. Ito, Angul Ward, Angul Laxmi Bazar, Angul-759122 स्थायी लेखा सं./Panno. : Aagfd 8791 D (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) .. ननधाारिती की ओर से /Assessee By : Shri D.K.Sheth/M. Sheth, Advs. िाजस्व की ओर से /Revenue By : Shri Subhendu Dutta, Dr
For Appellant: Shri D.K.Sheth/M. Sheth, AdvsFor Respondent: Shri Subhendu Dutta, DR
Section 142(1)Section 143(1)Section 68
68 of the I.T. Act. Ld. AR during the course of hearing before us
submitted that once the documentary evidences are submitted by the
assessee, burden shifts to the revenue and then Revenue should bring
on record material from which it could be concluded that transactions
between the assessee and the lenders, in fact, are not genuine. From the
assessment
