Sale transaction through banking channels can’t be doubted for non-submission of ID proof of buyers

HIGH COURT OF ALLAHABAD Commissioner of Income-tax versus Sudeep Goenka IT APPEAL NO. 468 OF 2009 JANUARY 3, 2013 JUDGMENT Ram Surat Ram (Maurya), J. – Heard Sri Dhananjay Awasthi, Senior Standing Counsel for the appellant and Sri Rakesh Ranjan Agrawal assisted by Sri Suyash Agarwal for the respondent. 2. This appeal has been filed, under Section 260-A of the Income Tax Act, 1961 (hereinafter referred to as the Act) from the order of Income Tax Appellate Tribunal, Lucknow Bench ‘A’, Lucknow (hereinafter referred to as the Tribunal) dated 22.05.2009, passed i...