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2018 (12) TMI 760 - ITAT AHMEDABADAddition on account of unaccounted income earned by way of suppression of professional receipts - rejection of books of accounts - profits declared on suppressed receipts - Held that:- Once the AO has worked out unaccounted receipts for the whole year on the basis of evidence found for the period of six months, then such working is based on an estimate and assumption, and in the same manner corresponding expenditure ought to be assumed and estimated, because no entity could earn gross receipts. This fold of dispute has been ignored by the AO on the ground that evidence was not submitted by the assessee exhibiting incurrence of expenditure. To our mind, this was not correct approach at the end of the AO. - Decided against revenue.
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