Bench: Shri Pawan Singh, Hon'Ble & Dr. A. L. Saini, Hon'Ble Accountnat Member (Physical Court Hearing) Sl.
32. Learned DR appearing on behalf of the Revenue stated before us that during the assessment proceedings the assessee has not furnished complete details and these companies are neither traceable nor their credentials were ascertainable from the neighbour individuals/ concerns therefore identity of these share subscribing companies have not been proved. Hence addition made by AO must ITA Nos.52/SRT/2022