Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (7) TMI 855 - AT - Income TaxEstimation of net profit from business of truck plying and transport commission – Proper verifications not made by AO - Held that:- The assessee has initially adopted the figure of turnover shown in the TDS certificate, but during the course of assessment proceedings, the assessee has explained that he has taken the total turnover shown in the TDS certificate wrongly and the turnover for the month of April and May, 2007 were included in the figure of total turnover shown in the TDS certificate - the AO should have verified by making necessary verification from the deductees – there was force in the contentions of the assessee - Since this aspect requires proper verification by the AO, the order of the CIT(A) is set aside and the matter is remitted back to the AO for verification – Decided in favour of Assessee.
|