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2019 (6) TMI 828 - ITAT AHMEDABADAddition on account of difference in cash flow - HELD THAT:- Assessee has supplied the computer generated statements and it was historically derived from the figures from profit and loss account and balance sheet which are very much available on record in the form of audit report u/s. 44AB. Since the audited books of accounts were not rejected and the book results stand accepted and also the alleged discrepancy stand duly reconciled. Therefore, we have no hesitation in deleting the addition. Thus this ground of appeal is allowed. Disallowance on account of cash shortage - HELD THAT:- Assessee stated some of the amount was lying at the residence of the Director. As per impugned order Statement of Harkantbhai P. Vyas Accountant of the assessee company was recorded which revealed closing cash balance and as per prevailing system it is kept at the residence of the same director of the company. Revenue ought to have deputed to verify the statement of the Accountant but department did not deputed anyone so in these circumstances of the department cannot be accepted. Thus, this ground of appeal is allowed. Disallowance on account of stock difference - HELD THAT:- Appellant was not provided a copy of alleged survey inventory nor a statement of recorded by the survey party and assessee retracted his submission by way of letter and same statement was also referred in the order of ld. CIT(A) and following stock transaction was recorded by the survey party. We just fail to understand how in a short span of time survey party made the statement after calculating and weighing the item and addition has been made solely on the accounting and weighing of the stock. Thus addition made by the department cannot sustain. Assessee has not given any explanation with regard to discrepancies in the total stock. Therefore, we delete the addition - Decided in favour of assessee.
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