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2014 (8) TMI 1083 - AT - Income TaxAddition as per disclosure made by the assessee - Held that:- We find that there is no basis for making this disclosure and thereafter addition made by AO to the returned income of the assessee as there is no corroborative or direct evidence which shows that the assessee has earned this amount of ₹ 1 cr. There is no deposit in the bank account and there is no cash or incriminating papers found during the course of search on the premises of the assessee or there is no unaccounted deposits found in the above-stated two bank accounts relating to which this income is to be declared. But the AO added the sum of ₹ 1 cr. to the returned income of the assessee on the basis of disclosure letter dated 06.05.210 filed before DDIT, Investigation, Unit 1(4), Kolkata. As there is no basis for making this addition, CIT(A) has rightly deleted the addition based on the submissions and relying on various authorities. We confirm the order of CIT(A).
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