Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (1) TMI 1694 - AT - Income TaxG.P. addition - Held that:- As the books of accounts have not been rejected u/s 145(3), no defect being pointed out in the books of accounts, we are of the view that the AO was not right in making addition on account of Gross profit and therefore find no reason to interfere with the order of CIT(A). Thus this ground of the Revenue is dismissed. - Decided against revenue. Disallowance of commission expenses - Held that:- The commission has been stated to have been paid to the 3 ladies mentioned by the A.O. in his order. AO while disallowing the expenses has noted that the addresses of all the three ladies are stated to be the same address and further the expenses have not been supported by any agreement which the Assessee has entered with them. CIT(A) while confirming the addition has given a finding that Assessee has not produced the details as to what was the role of the 3 ladies and what was their expertise in selling the product of the Assessee and how their services have been utilized by the Assessee. The Assessee has not placed any material on record to controvert the findings of the lower authorities nor has he placed any tangible evidence to demonstrate their expertise on account of educational or technical expertise in selling the goods of the Assessee. In view of the aforesaid facts, we find no reason to interfere with the order of CIT(A). - Decided against assessee.
|