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2014 (7) TMI 863 - AT - Income TaxAddition u/s 68 and 69 – Genuineness of claim – Held that:- The assessee has as well filed the documents before the authorities below in support of the claim - These are copies of acknowledge of return of income along with computation, audited balance sheet and profit and loss account, replies of the assessee filed before the AO, ledger account of investment, statement showing details of investment as on 31.3.2002 and 31.3.2003, statement of details of investments sold, statement of bank account for the period 1.4.2002 to 31.3.2003, purchase details of investment sold during the year along with corresponding bank statement, details of parties to whom investments were sold, etc. - CIT(A) has rightly deleted the addition made by the AO u/s 68 of the Act - he was also justified in deleting the addition made on account of commission for providing accommodation entries @ 2% - Decided against Revenue.
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