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2015 (8) TMI 1270 - AT - Income TaxUnaccounted income addition - CIT(A) deleted the addition - Held that:- CIT(A) has given a finding of fact holding assessee’s unaccounted income to be ₹ 1,43,68,982/- disclosed in its individual capacity to the tune of ₹ 1,04,11,752/- and the balance sum of ₹ 42,15,000/- in the HUF’s hands. The Revenue’s reliance is only upon the assessee’s bald statement. The lower appellate order considers a catena of case law holding therein that such a statement recorded in the course of survey does not form the sole basis for making additions in absence of supportive evidence. A more recent one we find is CIT vs. Golden Finance, (2012 (9) TMI 952 - GUJARAT HIGH COURT ) echoing the very principle. The Revenue fails to point out any exception on facts or law to the contrary. We uphold the CIT(A) order in these circumstances and reject the Revenue’s sole substantive ground. - Decided against revenue
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