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2014 (7) TMI 1106 - AT - Income TaxSuppression of turnover - Non production of evidence of incurring expenditure - CIT(A) determined the total income at 15% of the additional turnover - Held that:- There is no need to disturb the order of the Ld. CIT(A). A.O. could have given an opportunity to the assessee to reconcile the turnover or examined how the excess turnover could be reported. Atleast he could have verified from the company viz., JCB India Limited about the purchases made by the assessee as assessee being a company, could have maintained books of accounts under the Company Law. However, A.O. has added so-called difference of turnover as reported by the CIB, even without verifying from the sales tax department and made the addition of difference of turnover as income - there is no need to interfere with the order of the Ld. CIT(A) as the entire turnover can not be taken as income of the assessee. Judicial principles on the issue support only estimation of income on the so-called additional turnover. In view of this, we do not find any merit in the Revenue grounds - Decided against Revenue.
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