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2013 (9) TMI 1129 - AT - Income TaxAssessment u/s 153A - Held that:- In the present case, we find that no incriminating evidence found against the assessee in proving that unaccounted incomes were generated by suppression of profit and, therefore, the AO is not justified in resorting to estimation and arithmetical assumptions. Accordingly, we find no infirmity in the order of the CIT(A) in directing the AO to delete the additions made by holding that the additions made based on the percentage of net over gross adopted by the AO are held to be without any basis that can be justified on factual or legal grounds and the order of the CIT(A) is hereby confirmed dismissing the grounds of appeal raised by the revenue in this regard in all the years under consideration.
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