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2016 (7) TMI 1504 - ITAT PUNEPower of CIT(A) u/s 251(1)(a) for enhancement of income - addition on account of new source of income - AO adopted GP @17% on suppressed sales - CIT(A) reduce GP @12% on the amount of suppressed sales - CIT(A) made new addition enhancing income regarding additional capital required for suppressed sales - HELD THAT:- Commissioner of Income Tax (Appeals) has wide powers under section 251(1)(a) of the Act but his powers are restricted and he has no power to assess a new source of income in the hands of the assessee. Followed Hon'ble Delhi High Court in CIT Vs. Union Tyres [1999 (9) TMI 81 - DELHI HIGH COURT] - Decided in favour of assessee.
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