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2014 (4) TMI 1125 - AT - Income TaxEstimation of additional brokerage income - addition on entries contained in the seized materials - Held that:- After considering the fact that similar additions of estimated brokerage made on the basis of the same document seized, has been deleted by the Tribunal, we are of the considered opinion that the impugned additions confirmed by the Ld.CIT(A), on estimate basis and telescoping the same is not justified in the cases of Shri Rajeev C. Batra and Shri Karan P. Batra. Therefore, we set aside the impugned orders of the Ld.CIT(A) in the said cases and the additions made/confirmed on this count stand deleted. - Decided in favour of assessee. After considering the fact that similar additions of estimated brokerage made on the basis of the same document seized, has been deleted by the Tribunal, we are of the considered opinion that the impugned additions confirmed by the Ld.CIT(A), on estimate basis and telescoping the same is not justified in the cases of Shri Rajeev C. Batra and Shri Karan P. Batra. Therefore, we set aside the impugned orders of the Ld.CIT(A) in the said cases and the additions made/confirmed on this count stand deleted. - Decided in favour of assessee.
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