KAMLESH NANDWANI, Jaipur v. ITO, Jaipur

ITA 442/JPR/2015 | 2009-2010
Pronouncement Date: 28-11-2017 | Result: Partly Allowed

Appeal Details

RSA Number 44223114 RSA 2015
Assessee PAN AAYPN3226H
Bench Jaipur
Appeal Number ITA 442/JPR/2015
Duration Of Justice 2 year(s) 6 month(s) 27 day(s)
Appellant KAMLESH NANDWANI, Jaipur
Respondent ITO, Jaipur
Appeal Type Income Tax Appeal
Pronouncement Date 28-11-2017
Appeal Filed By Assessee
Tags No record found
Order Result Partly Allowed
Bench Allotted SMC
Tribunal Order Date 28-11-2017
Date Of Final Hearing 18-05-2017
Next Hearing Date 18-05-2017
First Hearing Date 18-05-2017
Assessment Year 2009-2010
Appeal Filed On 01-05-2015
Judgment Text
VK;DJ VIHYH; VF/KDJ.K] T;IQJ U;K;IHB] T;IQJ IN THE INCOME TAX APPELLATE TRIBUNAL JAIPUR BENCHES (SMC) JAIPUR JH HKKXPAN] YS[KK LNL; ] DS LE{K BEFORE: SHRI BHAGCHAND ACCOUNTANT MEMBER VK;DJ VIHY LA-@ ITA NO. 442/JP/2015 FU/KZKJ.K O'K Z@ ASSESSMENT YEAR : 2009-10 KAMLESH NANDWANI 118/163 SHIPRA PATH AGRAWAL FARM MANSAROVAR JAIPUR. CUKE VS. INCOME TAX OFFICER WARD- 2(4) JAIPUR. PAN NO.: AAYPN 3226 H VIHYKFKHZ@ APPELLANT IZR;FKHZ@ RESPONDENT FU/KZKFJRH DH VKSJ LS@ ASSESSEE BY : SHRI RAJIV SOGANI (CA) JKTLO DH VKSJ LS@ REVENUE BY : SMT. POONAM ROY (DCIT) LQUOKBZ DH RKJH[K@ DATE OF HEARING : 21/11/2017 MN?KKS'K.KK DH RKJH[K @ DATE OF PRONOUNCEMENT : 28/11/2017 VKNS'K@ ORDER PER: BHAGCHAND A.M. THIS IS AN APPEAL FILED BY THE ASSESSEE EMANATES FR OM THE ORDER OF LD. CIT(A)-I JAIPUR DATED 12/02/2015 FOR THE A. Y. 2009-10. THE ONLY ISSUE INVOLVED IN THE APPEAL IS SUSTAINING THE ADDI TION OF RS. 34 28 313/- WHICH WAS DEBIT AND CREDIT ENTRIES IN CREDIT CARDS US ED BY THE ASSESSEE. 2. THE ASSESSEE IS ENGAGED IN THE TRADING OF GIFT IT EMS. THE LD. CIT(A) HAS CONFIRMED THE ADDITION MADE BY THE ASSESS MENT PROCEEDINGS BY HOLDING AS UNDER: ITA 442/JP/2015_ KAMLESH NANDWANI VS ITO 2 3.1.2 I HAVE DULY CONSIDERED AOS CONTENTION AND AP PELLANTS SUBMISSION PERUSED THE MATERIALS ON RECORD DULY C ONSIDERED FACTUAL MATRIX OF THE CASE AND ALSO APPLICABLE LEGAL POSITI ON. FROM THE CREDIT CARD STATEMENT IT IS ALSO NOTED THAT ASSESSEE HAS MADE PURCHASES OF VARIOUS JEWELLERY & HANDICRAFT ITEMS SAREES FUELS AT H P STATIONS AND EVEN PAID BILLS FOR TRAVEL. IN SUPPORT OF HIS C ONTENTION THAT PURCHASED ITEMS WERE RE-SOLD TO SAME PARTIES AT A D ISCOUNT OF 3%; ASSESSEE COULD NOT/ DID NOT BROUGHT ANY EVIDENCE IN THE FORM OF CONFIRMATION FROM SUPPLIER THAT THEY HAVE RETURNED MANY AFTER 3% DISCOUNT. NO LEDGER A/CS OF THESE SUPPLIERS WERE A LSO FILED. FROM THE CREDIT CARDS STATEMENTS IT IS SEEN THAT TOTAL WITH DRAWALS AND CASH DEPOSITS AMOUNT TO RS. 18 20 260.60 AND RS. 16 43 7 63.60 RESPECTIVELY. ACCORDINGLY ASSESSEE WAS NOT ABLE TO PROVE HIS CONTENTION OF REVOLVING CREDITS THROUGH 4 CARDS AND THE SCHEME OF DISCOUNT @3% NO SUPPORTING DOCUMENTS WERE FILED T O SUPPORT HIS CONTENTION. FOR THE SAKE OF CLARITY DETAILS OF PUR CHASES AND CASH DEPOSITS ARE COMPILED AND GIVEN AS UNDER: S.NO. DATE CARD NO. ICICI TRANSACTIO N DETAILS INVOICE NO. AMOUNT 1 04 - 07 - 08 NO.4132894032081000 KRISHNA JEWELLERS NO.0000000040 34900 2 04 - 09 - 08 NO. 4132894032081000 MAHESH GEMS NO. 0000000034 15900 3 24/04/2008 NO.4132894032081000 CASH DEPOSIT 26825 3 05 - 06 - 08 NO.4132894032081001 MAHES H GEMS NO.0000000045 25840 4 13/5/2008 NO. 4132894032081001 SONI GEMS & JEWELLERS NO.0000000026 3450 5 24/05/2008 NO.4132894032081001 CASH DEPOSIT 2550 6 06 - 04 - 08 NO.4132894032081001 CASH DEPOSIT 48250 7 06 - 06 - 08 NO.4132894032081001 MAHESH GEMS NO. 0 000000110 29800 8 06 - 06 - 08 NO. 4132894032081001 RK GEMS NO.0000000830 20140 9 24/6/2008 NO.4132894032081001 SERVICE STATION JAIPUR NO.0000002637 160 10 25/06/2008 NO.4132894032081001 HPCL SURCHARGE 10 11 26/06/2008 NO.4132894032081001 HPCL FUEL E - VOU CHER CREDIT 150 12 28/6/2008 NO.4132894032081001 SERVICE STATION JAIPUR NO. 0000002810 160 13 29/06/2008 NO.4132894032081001 HPCL SURCHARGE 10 14 30/06/2008 NO.4132894032081001 HPCL FUEL E - VOUCHER CREDIT 150 15 07 - 01 - 08 NO.4132894032081001 SERVICE STATION JAIPUR NO.0000002934 160 ITA 442/JP/2015_ KAMLESH NANDWANI VS ITO 3 16 07 - 02 - 08 NO.4132894032081001 HPCL SURCHARGE 10 17 07 - 07 - 08 NO.4132894032081001 SERVICE STATION JAIPUR NO. 0000003220 160 18 07 - 07 - 08 NO.4132894032081001 VIJAY LIGHT HOUSE NO.0000000293 29600 19 07 - 08 - 08 NO.413289403 2081001 HPCLSURCHARGE 10 20 07 - 09 - 08 NO.4132894032081001 HPCL FUEL E - VOUCHER CREDIT 150 21 08 - 06 - 08 NO.4132894032081001 LAXMI JEWELLERS NO.0000000355 28700 22 08 - 06 - 08 NO.4132894032081001 RISHAB TEXTILES NO.0000000362 17220 23 14/08/2008 NO.41328940 32081001 RELIANCE INFOCOMM JAIPUR 1033 24 25/8/2008 NO.4132894032081001 SERVICE STATION JAIPUR NO.0000005237 210 25 26/08/2008 NO.4132894032081001 HPCLSURCHARGE 10 26 27/08/2008 NO.4132894032081001 HPCL FUEL E - VOUCHER CREDIT 200 27 09 - 02 - 08 NO.4132 894032081001 SERVICE STATION JAIPUR NO.0000005595 210 28 09 - 03 - 08 NO.4132894032081001 HPCLSURCHARGE 10 29 09 - 04 - 08 NO.4132894032081001 HPCL FUEL E - VOUCHER CREDIT 100 30 09 - 06 - 08 NO.4132894032081001 RADHIKA SARRE AND MACHING NO. 0000000010 19800 31 0 9 - 07 - 08 NO.4132894032081001 RISHAB TEXTILES NO.0000000138 11100 32 16/09/2008 NO.4132894032081001 ASHOKA SERVICE STATION JAIPUR NO. 0000006821 160 33 17/09/2008 NO.4132894032081001 HPCLSURCHARGE 10 34 22/09/2008 NO.4132894032081001 INFINITY CASH DEPOSI T 35000 35 23/09/2008 NO. 4132894032081001 INFINITY CASH DEPOSIT 12100 36 10 - 06 - 08 NO.4132894032081001 RADHIKA SARRE AND MACHING NO.0000000084 27800 37 10 - 06 - 08 NO.4132894032081001 GOVIND TROURS & TRAVELS JAIPUR NO.0000000161 11500 38 01 - 07 - 08 NO.413 2894032081001 RADHIKA SARRE AND MACHING NO. 0000000303 8950 39 23/01/2008 NO.4132894032081001 INFINITY PAYMENT RECEIVED 31080 40 01 - 06 - 08 NO.4132894032081001 KRISHNA PHOTOS NO. 0000000631 14700 41 01 - 06 - 08 NO.4132894032081001 RK HANDICRAFTS AND ART NO. 0000000468 16500 42 23/01/2008 NO.4132894032081001 INFINITY PAYMENT RECEIVED 48200 43 12 - 05 - 08 NO.4132894032081001 RK HANDICRAFTS AND ART NO.0000000245 31500 44 12 - 07 - 08 NO. 4132894032081001 KRISHNA PHOTOS NO. 0000000779 14400 45 01 - 05 - 09 NO.41328940 32081001 RK HANDICRAFTS AND ART NO.0000000882 32500 56 24/01/2009 NO.4132894032081001 INFINITY PAYMENT RECEIVED 2500 57 02 - 03 - 09 NO.4132894032081001 INFINITY PAYMENT RECEIVED 43400 58 02 - 05 - 09 NO.4132894032081001 KRISHNA TEXTILE JAIPUR NO.0000000165 2 8700 59 02 - 06 - 09 NO.4132894032081001 KRISHNA PHOTOS NO. 0000000172 16800 60 24/02/2009 NO. 4132894032081001 INFINITY PAYMENT RECEIVED 2500 61 03 - 03 - 09 NO.4132894032081001 INFINITY PAYMENT RECEIVED 30000 62 03 - 06 - 09 NO.4132894032081001 RK HANDICRAFTS AND ART NO.0000000395 29800 63 03 - 08 - 09 NO.4132894032081001 SS GEMS JAIPUR NO.0000000645 3400 ITA 442/JP/2015_ KAMLESH NANDWANI VS ITO 4 64 25/03/2009 NO.4132894032081001 INFINITY PAYMENT RECEIVED 2500 65 04 - 04 - 09 NO.4132894032081001 INFINITY PAYMENT RECEIVED 43000 66 19/03/2008 NO.5177194479 420009 1/12 EMI INTEREST ICICI LOMBARD HEALTH 85.85 67 19/03/2008 NO.5177194479420009 SERVICE TAX 10.6 68 19/03/2008 NO.5177194479420009 1/12 EMI INTEREST ICICI LOMBARD HEALTH 819.69 69 27/03/2008 NO. 5177194479420009 BHARTI HEXACOM LTD JAIPUR NO.000 0006537 885 70 04 - 05 - 08 NO.5177194479420009 INDRA SWITCH NO. 0000000162 11712 71 04 - 07 - 08 NO.5177194479420009 ICVBP RELIANCE INFOCOMM MUMBAI NO. 0000000066 54 72 19/04/2008 NO. 5177194479420009 2/12 EMI INTEREST ICICI LOMBARD HEALTH 79.02 73 19/04/200 8 NO.5177194479420009 2/12 EMI PRINCIPAL ICICI LOMBARD HEALTH 826.52 74 20/04/2008 NO.5177194479420009 SERVICE TAX 9.77 75 05 - 03 - 08 NO. 5177194479420009 CASH DEPOSIT 13570 76 05 - 06 - 08 NO.5177194479420009 ICVBP RELIANCE INFOCOMM MUMBAI NO. 0000000066 460 77 18/05/2008 NO.5177194479420009 SOGANI GEMS & JEWELLERS JAIPURQ NO. 0000000128 17425 78 18/05/2008 NO.5177194479420009 TRANSACTION EMI CONVERSION 17425 79 19/05/2008 NO.5177194479420009 3/12 EMI INTEREST ICICI LOMBARD 72.13 80 19/05/2008 NO.517 7194479420009 SERVICE TAX 8.92 81 19/05/2008 NO.5177194479420009 3/12 EMI PRINCIPAL ICICI LOMBARD HEALTH 833.41 82 22/05/2008 NO.5177194479420009 PROCESSING FEE 697 83 22/05/2008 NO.5177194479420009 SERVICE TAX 86.15 84 19/06/2008 NO.51771944794200 09 4/12 EMI INTEREST ICICI LOMBARD 65.18 85 19/06/2008 NO. 5177194479420009 4/12 EMI PRINCIPAL ICICI LOMBARD HEALTH 840 86 14/07/2008 NO. 5177194479420009 INTEREST CHARGES 386.15 87 19/07/2008 NO.5177194479420009 5/12 EMI INTEREST ICICI LOMBARD HEALTH 58.18 88 19/07/2008 NO.5177194479420009 5/12 EMI PRINCIPAL ICICI LOMBARD HEALTH 847.36 89 22/07/2008 NO.5177194479420009 2/3 EMI PRINCIPAL 5808 90 19/08/2008 NO.5177194479420009 6/12 EMI INTEREST ICICI LOMBARD HEALTH 51.11 91 19/08/2008 NO.517719 4479420009 6/12 EMI PRINCIPAL ICICI LOMBARD HEALTH 854.43 92 22/08/2008 NO.5177194479420009 3/3 EMI PRINCIPAL 5808 93 26/08/2008 NO.5177194479420009 SURAJ NARAYAN DULICHAND JAIPUR NO.0000000456 8200 94 19/09/2008 NO.5177194479420009 7/12 EMI INTEREST ICICI LOMBARD HEALTH 43.99 95 19/09/2008 NO.5177194479420009 7/12 EMI PRINCIPAL ICICI LOMBARD HEALTH 861.55 96 10 - 07 - 08 NO. 5177194479420009 ICVBP RELIANCE INFOCOMM MUMBAI NO.0000010099 15000 97 14/10/2008 NO.5474670505759007 SERVICE STATION JAIPUR NO. 0000006197 160 98 10 - 12 - 08 NO.5474670505759007 RK HANDICRAFTS AND ART NO. 0000000340 21500 99 19/10/2008 NO.5177194479420009 8/12 EMI INTEREST ICICI LOMBARD HEALTH 36.81 100 19/10/2008 NO.5177194479420009 8/12 EMI PRINCIPAL IC ICI LOMBARD HEALTH 868.73 101 11 - 10 - 08 NO.5177194479420009 ICVBP RELIANCE INFOCOMM MUMBAI NO.0000000066 18 ITA 442/JP/2015_ KAMLESH NANDWANI VS ITO 5 102 19/11/2008 NO.5177194479420009 9/12 EMI INTEREST ICICI LOMBARD HEALTH 29.57 103 19/11/2008 NO.5177194479420009 9/12 EMI PRINCIPAL ICICI LOMBARD HEALTH 875.97 104 12 - 08 - 08 NO.5177194479420009 ICVBP RELIANCE INFOCOMM MUMBAI NO. 0000044668 26 105 16/11/2008 NO.5474670505759007 RADHIKA SARRE AND MACHING NO. 0000000528 23135 106 19/12/2008 NO.5177194479420009 10/12 EMI INTEREST ICICI LOMBARD HEALTH 22.27 107 19/12/2008 NO.5177194479420009 10/12 EMI PRINCIPAL ICICI LOMBARD HEALTH 883.27 108 01 - 06 - 09 NO.5177194479420009 ICVBP RELIANCE INFOCOMM MUMBAI NO. 0000000066 36 109 19/01/2009 NO.5177194479420009 11/12 EMI INTEREST ICICI LOMBARD HEALTH 14.91 110 19/01/2009 NO.5177194479420009 11/12 EMI PRINCIPAL ICICI LOMBARD HEALTH 890.63 111 16/02/2009 NO.5177194479420009 ICVBP RELIANCE INFOCOMM MUMBAI NO. 0000075799 18 112 02 - 08 - 09 NO.5177194479420009 ANNUAL BILL PAY CHARGES 100 113 15/01/2009 NO.5474670505759007 KRISHNA PHOTOS 9 EMI JAIPUR NO. 0000000015 24500 114 15/01/2009 NO.5474670505759007 TRANSACTION EMI CONVERSION 24500 CARD NO. RELIANCE 115 27/02/2008 NO.4054510045547002 BHARTI HEXACOM LTD JAIPUR NO.74477488058 525 116 28/02/2 008 NO.4054510045547002 VIJAY LIGHT HOUSE NO.74477488059 33710 117 03 - 09 - 08 NO.4054510045547002 KRISHNA JEWELLERS NO. 74477488069 22570 118 26/03/2008 NO.4054510045547002 INDRA SWITCH NO.74477488094 16200 119 04 - 10 - 08 NO.4054510045547002 ATM CASH DEPOSI T NO. JPR - 1 5109 18000 120 04 - 10 - 08 NO.4054510045547002 ATM CASH DEPOSIT NO. JPR - 1 5110 9000 121 04 - 11 - 08 NO.4054510045547002 ATM CASH DEPOSIT NO. JPR - 1 5407 16000 122 04 - 12 - 08 NO.4054510045547002 ATM CASH DEPOSIT NO. JPR - 1 5820 10000 123 04 - 12 - 08 NO.4 054510045547002 ATM CASH DEPOSIT NO. JPR - 1 5873 3805 124 15/04/2008 NO.4054510045547002 RELIANCE INFOCOMM JAIPUR NO.74332748107 787 125 18/04/2008 NO.4054510045547002 VISHAL RETAIL LTD. NO.74327078110 560 126 05 - 02 - 08 NO.4054510045547002 KS GEMS JEWELIE RS NO. 74477488123 25650 127 05 - 03 - 08 NO.4054510045547002 JKJ AND SONS JEWELLERS NO.74332748125 5200 128 05 - 11 - 08 NO.4054510045547002 MAHESH GEMS NO.74477488132 21540 129 05 - 12 - 08 NO.4054510045547002 ATM CASH DEPOSIT NO. JPR - 11745 17550 130 13/05/2008 NO.4054510045547002 SONI GEMS & JEWELLERS NO. 74477488134 10100 131 16/05/2008 NO.4054510045547002 RELIANCE INFOCOMM JAIPUR NO. 74332748138 791 132 24/05/2008 NO.4054510045547002 RAJKUMAR GEMS & JEWELLERS NO.74477488146 36400 133 14/06/2008 NO.405451004 5547002 RELIANCE INFOCOMM JAIPUR NO. 74332748167 913 134 24/06/2008 NO.4054510045547002 MAHESH GEMS NO.74477488176 26000 135 30/06/2008 NO.4054510045547002 VIJAY LIGHT HOUSE NO.74477488182 34700 136 15/07/2008 NO.4054510045547002 SOGANI GEMS & JEWELLERS JAIPURQ NO. 74477488197 20510 137 23/07/2008 NO.4054510045547002 YADAVAND COMPANY NO. 9873 200 138 25/07/2008 NO.4054510045547002 RISHAB TEXTILES NO. 74477488207 14700 ITA 442/JP/2015_ KAMLESH NANDWANI VS ITO 6 139 09 - 12 - 08 NO.4054510045547002 RELIANCE INFOCOMM JAIPUR NO.74332748257 1090 140 1 3/09/2008 NO.4054510045547002 RK HANDICRAFTS AND ART NO.74477488258 21200 141 14/09/2008 NO.4054510045547002 LAXMI JEWELLERS NO. 74477488258 27400 142 23/09/2008 NO.4054510045547002 RK GEMS NO. 74477488268 41400 143 23/09/2008 NO.4054510045547002 RISHAB TEXTILES NO. 74477488268 8200 144 26/09/2008 NO.4054510045547002 LAXMI JEWELLERS NO.74477488270 39750 145 28/09/2008 NO.4054510045547002 SS GEMS JAIPUR NO.74477488272 8600 146 29/09/2008 NO.4054510045547002 RK HANDICRAFTS AND ART NO.74477488273 100 14 7 15/10/2008 NO.4054510045547002 RELIANCE INFOCOMM JAIPUR NO. 74332748290 244 148 15/10/2008 NO.4054510045547002 RELIANCE INFOCOMM JAIPUR NO.74332748290 980 149 21/10/2008 NO.4054510045547002 RK GEMS NO.74477488295 47800 150 11 - 05 - 08 NO. 405451004554700 2 RELIANCE INFOCOMM JAIPUR NO. 74332748311 1600 151 11 - 11 - 08 NO. 4054510045547002 RK HANDICRAFTS AND ART NO.74477488316 25640 152 15/11/2008 NO.4054510045547002 RELIANCE INFOCOMM JAIPUR NO. 74332748321 440 153 20/11/2011 NO.4054510045547002 SS GEMS JAIP UR NO.74477488325 57500 154 21/11/2008 NO. 4054510045547002 RADHIKA SARRE AND MACHING NO. 74477488326 8500 155 22/11/2008 NO. 4054510045547002 PERSONAL DRAFT SERVICE CHARGES NO.4011384814 5850 156 12 - 02 - 08 NO.4054510045547002 YADAV AND COMPANY NO. 7245 150 157 20/12/2008 NO.4054510045547002 ENHANCED PAYLITE EMI 12 EMI - 1/1 NO. 2540772 28226 158 20/12/2008 NO.4054510045547002 SANSKAR GEMS NO.74477488356 48500 159 21/12/2008 NO. 4054510045547002 KRISHNA PHOTOS NO. 74477488356 23750 160 20/01/2009 NO.40 54510045547002 ENHANCED PAYLITE EMI 12 EMI - 2/1 NO. 2540772 28659 161 20/01/2009 NO.4054510045547002 KK GEMS NO.74056639021 56300 162 21/01/2009 NO.4054510045547002 LAXMI JEWELLERS NO.74477489021 15400 163 19/02/2008 NO.4054510045547002 ENHANCED PAYLITE EMI - 12 EMI - 3/1 NO. 2540772 28659 CARD NO. VISA GOLD CREDIT CARD 164 04 - 07 - 08 NO.4346781003817410 VIJAY LIGHT HOUSE NO. 050520001R0010697 49857 165 04 - 11 - 08 NO. 4346781003817410 SONI GEMS & JEWELLERS NO. 050520001R0010697 29900 166 30/05/2008 NO. 4346781003817410 JAIN FURNITURE NO. 060520001R0013288 10260 167 06 - 06 - 08 NO.4346781003817410 JAIN FURNITURE NO. 070520001ROO13407 29250 168 07 - 07 - 08 NO.4346781003817410 VIJAY LIGHT HOUSE NO. 080520001R0010038 9700 169 27/07/2008 NO.4346781003817410 KS G EMS JEWELLERS NO. 080520001R0010038 34850 170 31/08/2008 NO. 4346781003817410 LAXMI JEWELLERS NO. 090520001R0010555 14500 171 09 - 01 - 08 NO.4346781003817410 RADHIKA SAREE AND MACHING NO. 090520001R0010555 10260 172 09 - 07 - 08 NO.4346781003817410 RK HANDICRA FTS AND ART NO. 100520001R0010434 8200 173 SEP - 08 NO.4346781003817410 RISHAB TEXTILES NO. 100520001R0010434 13550 ITA 442/JP/2015_ KAMLESH NANDWANI VS ITO 7 174 OCT - 08 NO.4346781003817410 LAXMI JEWELLERS NO. 110520001R0010087 25800 175 10 - 09 - 08 NO.4346781003817410 CHARAN SPARSH JAIPUR NO. 110520001R0010087 3000 176 11 - 05 - 08 NO.4346781003817410 LAXMI JEWELLERS NO. 120520001R0009989 28900 177 12 - 05 - 08 NO.4346781003817410 SS GEMS JAIPUR NO. 010520001R0009529 28500 178 JAN - 09 NO. 4346781003817410 RK HANDICRAFTS AND ART NO. 020520001R0009317 33200 179 FEB - 09 NO. 4346781003817410 M G GEMS NO. 030520001R0009246 30850 180 MAR - 09 NO.4346781003817410 SS GEMS JAIPUR NO. 040520001L0014038 33500 FROM THE ABOVE IT IS SEEN THAT ASSESSEE MAINLY PUR CHASED JEWELLERY ITEMS SAREES TEXTILE ITEMS FURNITURE HANDICRAFT ITEMS SHOE PAYMENT TO TOURS/TRAVEL AGENTS FUEL R EFILLING AT HP STATION ICICI LOMBARD HEARTH INSURANCE PREMIUM PH OTO ITEMS ETC. IN THE REMAND REPORT AO HAS SPECIFICALLY MENT IONED THAT DESPITE GIVING AMPLE OPPORTUNITY ASSESSEE DID NOT FILE ANY SUPPORTING EVIDENCE TO PROVE HIS CONTENTION. NOBODY IS DISPUTING THE PURCHASES MADE THROUGH THESE 4 CREDIT CARDS BUT ISSUES REGARDING RE-SALE THESE PURCHASED ITEMS AT A DISCOUNT OF 3% TO THE SELLER ON SPOT ARE DISPUTED AS NO CONFIRM ATION OR SUPPORTING EVIDENCES WERE PRODUCED TO PROVE HIS CON TENTION. IT IS NOTED HERE THAT PURCHASED ITEMS VARIED FROM SARE ES FURNITURE JEWELLERY & HANDICRAFT ITEMS AND FUEL RE FILL AT HP FUEL STATION PERSONAL DRAFT (DD) PURCHASE. MANY TIMES PURCHASES WERE MADE FROM SAME SELLER E.G. LAXMI JEWELLER JAI N FURNITURE KK GEMS KRISHNA PHOTO RK HANDICRAFTS SS GEMS RA DHIKA SAREES & MAKING CENTRE VIJAY LIGHT HOUSE ETC. IN ABSENCE OF ANY CREDIBLE EVIDENCE ASSESSEES CONTENTION OF RE- SELLING PRODUCTS AT A DISCOUNT @ 3% TO SAME VENDOR CANNOT B E ACCEPTED AS TRUE. IT IS PERTINENT TO NOTE THAT ASSE SSEE DEALS IN GIFT ITEMS AND MOST OF ITEMS PURCHASED WERE JEWELLE RY HANDICRAFTS TEXTILE ITEMS ETC SO IS THE CASE OF C ASH DEPOSITS. NO NEXUS IS PROVED PURCHASE/ DISCOUNTED SALE AND CASH DEPOSITS AS ITA 442/JP/2015_ KAMLESH NANDWANI VS ITO 8 DATE AND AMOUNTS ARE NOT MATCHING (REFERENCE: CREDITS CARDS STATEMENTS COMPILED DATA AS ABOVE). FURTHER CASH DEPOSITS AGGREGATING TO RS. 16 12 175/- IS ALSO NOT BACKED BY DOCUMENTARY EVIDENCES. IN VIEW OF THESE FACTS AOS ACTION IS JUSTIFIED AND ASSESSEES APPEAL ON THIS GROUND STAN DS DISMISSED. 3. I HAVE HEARD BOTH THE SIDES ON THIS ISSUE. WHILE PLEADING ON BEHALF OF THE ASSESSEE THE LD AR TRIED TO EXPLAIN THAT THE ASSESSEE WAS PURCHASING GOODS BY MAKING PAYMENTS THROUGH CREDIT CARDS AND THEN THE SAME WAS RETURNED TO THE SELLER ON 3% DISCOUNT. THE ASSESSEE WAS GETTING CASH UP TO 97% OF THE PURCHASE VALUE. IT IS CLAIMED THAT THE SOURCE OF THE DEPOSIT OF CASH IN THE BANK ACCOUNT WA S FROM SUCH RETURN OF THE CASH RECEIVED. HOWEVER WHEN HE WAS ASKED DURIN G THE HEARING THAT WHETHER THESE NARRATIONS CAN BE GET CONFIRMED BY ANY OF THE PERSON FROM WHOM THE ASSESSEE HAS ENTERED INTO SUCH TRANSACTIONS BY CREDIT CARD. HE SUBMITTED THAT IN HIS VIEW NONE OF THEM SHALL BE ABLE TO CONFIRM THAT SUCH TRANSACTIONS HAVE TAKEN PLACE. THE LD AR HAS STATED THAT THERE IS NO DOCUMENTARY EVIDENCE IN SUP PORT OF THESE RECITALS. THE DETAILS OF THE PURCHASED ITEMS SHOWS THAT THESE WERE THE PURCHASES FOR THE REQUIREMENT OF THE ASSESSEE OR FA MILY MEMBERS. THESE WERE THE PERSONAL EXPENDITURE MET OUT BY THE A SSESSEE THROUGH HIS CREDIT CARDS. THE ITEMS PURCHASED ARE SAREES J EWELLERY HANDICRAFTS AND PAYMENT TO PETROL PUMPS. ITEMS PURCHASES SUGGES T THAT THE ITA 442/JP/2015_ KAMLESH NANDWANI VS ITO 9 ASSESSEE HAD PURCHASED VARIOUS ITEMS FOR HIM OR FAM ILY MEMBERS. THE CLAIM OF THE ASSESSEE THAT HE WAS RETURNING THE GOODS BACK TO THE SELLER AT THE 3% DISCOUNT TO GENERATE CASH FOR PAYM ENT OF CREDIT CARD DUES ON ACCOUNT OF FINANCIAL CRISIS IS COMPLETELY UNSUSTAINABLE. THIS STATEMENT IS NOT SUPPORTED BY ANY DOCUMENTARY OR OR AL EVIDENCE. IT IS A COMPLETELY BALD ASSERTION WHICH HAS NO LEGS TO STAND . THEREFORE SUCH PLEADINGS OF THE ASSESSEE CANNOT BE ACCEPTED. THE O THER PLEADING OF THE ASSESSEE THAT PURCHASES BY CREDIT CARDS SHOULD BE TAKEN AS TURNOVER AND THE GP SHOULD BE ESTIMATED ON THIS TUR NOVER IS ALSO COMPLETELY BASELESS I AM OF THE VIEW THAT THIS CON TENTION OF THE ASSESSEE IS ALSO COMPLETELY UNSUSTAINABLE AND WITHOU T ANY SUPPORTING DOCUMENT OR ORAL EVIDENCE. SUCH RECITALS NOT SUPPOR TED BY ANY EVIDENCE ARE UNSUSTAINABLE IN LAW AND FACTS. THE LAST PLEA OF THE LD AR WAS THAT THE ASSESSING OFFICER HAS ADDED BOTH THE CA SH DEPOSITED IN THE PAYMENT OF CREDIT CARDS ACCOUNT AND ALSO THE PU RCHASES MADE THROUGH THESE CREDIT CARDS. HE PLEADED THAT ONLY ON E SIDE ADDITION MAY BE MADE. ON THIS ISSUE I AM OF THE VIEW THAT THE AS SESSEE HAD PURCHASED THE GOODS THROUGH CREDIT CARDS AND PAYMEN T WAS MADE BY UNACCOUNTED CASH. THE SOURCE OF CASH IS NOT EXPLAIN ED. THE REPAYMENTS HAVE BEEN MADE BY DEPOSITING UNACCOUNTED CASH OF THESE PURCHASES. THE SOURCE OF THESE PURCHASES IS UNEXPLAI NED. FOR WORKING ITA 442/JP/2015_ KAMLESH NANDWANI VS ITO 10 OUT THE QUANTUM OF DISALLOWANCE THE MATTER IS RESTO RED BACK TO THE FILE OF LD. CIT(A). 4. IN THE RESULT THE APPEAL OF THE ASSESSEE IS PAR TLY ALLOWED FOR STATISTICAL PURPOSES ORDER PRONOUNCED IN THE OPEN COURT ON 28/11/2017. SD/- HKKXPAN (BHAGCHAND) YS[KK LNL;@ ACCOUNTANT MEMBER TK;IQJ@ JAIPUR FNUKAD@ DATED:- 28 TH NOVEMBER 2017 *RANJAN VKNS'K DH IZFRFYFI VXZSFKR @ COPY OF THE ORDER FORWARDED TO: 1. VIHYKFKHZ @ THE APPELLANT- SHRI KAMLESH NANDWANI JAIPUR. 2. IZR;FKHZ @ THE RESPONDENT- THE ITO WARD 2(4) JAIPUR. 3. VK;DJ VK;QDR @ CIT 4. VK;DJ VK;QDRVIHY @ THE CIT(A) 5. FOHKKXH; IZFRFUF/K] VK;DJ VIHYH; VF/KDJ.K] T;IQJ @ DR ITAT JAIPUR 6. XKMZ QKBZY @ GUARD FILE (ITA NO. 442/JP/2015) VKNS'KKUQLKJ @ BY ORDER LGK;D IATHDKJ @ ASST. REGISTRAR