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Sample format for grounds of appeal u/s 143 (3)/ 147 itat

This query is : Resolved 

31 December 2013 SIR,

I NEED THE SAMPLE FORMAT FOR GROUNDS OF APPEAL AND STATEMENT OF FACTS FOR ADDITION MADE U/S 143 (3) r.w.s 147 FOR ALLEGED BOGUS SHARE PURCHASE BEFORE CIT (A).

01 January 2014 Statement of facts may be drafted as follows:-

1. The appellant is an assessee before the Income tax officer, ward... with PANo.....The appeal relates to the assessment year-------

2. The appellant had purchased shares in companies for Rs....... in the year under appeal. The assessing officer had disallowed the same based on the view that the purchases were bogus.

3. The appellant is aggrieved by the above said order and hence prefers this appeal.


APPELLANT


Grounds of appeal may be drafted as follows:-

1. The order of the Income tax officer is against facts and law of the case.

2. The learned officer would have seen from the records that the shares were purchased in the name of the appellant and payment thereon were made through proper banking channels and ,therefore, he would have avoided the disallowance.

3. The appellant ,therefore, pray that the appeal may be admitted and orders may be passed rendering justice to the appellant.

4. Any other grounds that may be let in at the time of hearing.


APPELLANT



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