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2014 (10) TMI 752 - AT - Income TaxUnexplained credits u/s 68 – Acceptance of additional evidence - Notice sent to assessee but assessee did not appear before AO – Cash deposit in the assessee’s bank account treated as income from undisclosed sources – Held that:- The contention of the assessee that cash were out of sale proceeds collected by assessee on behalf of his employer M/s. Anup Service Station was not supported by any corroborating evidence like name & address of the persons form whom the cash was collected - Since the assessee has acted as an agent on behalf of his employer, to collect cash for his employer and, therefore, all customers would only have account of Anup Service Station in their books, and assessee’s name shall never appear in their books of accounts and therefore, AO is wrong, impractical and misplaced - CIT(A) had passed a well reasoned and speaking order to delete the addition of ₹ 21,37,000/- out of ₹ 21,82,500/- as it is glorifiable with the documentary evidence – there is no reason to interfere in the order of the CIT(A) – Decided against revenue.
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