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2016 (3) TMI 1206 - HC - Income TaxRejection of books of accounts - discrepancies in the entries in creditors' accounts - Held that:- No substantial question of law arises in the present appeal. The conduct of the assessee and the books of account produced by him did not inspire confidence and were rightly rejected by the Assessing Officer. Even at the appellate stage, he produced additional evidence in the form of unaudited provisional balance-sheet and tried to take benefit of merely two entries which, in his books of account and the balance-sheet earlier produced, he had shown differently. It cannot be said to be a mere error, rather, it was a deliberate attempt to defraud the Revenue. The relief, which the assessee is claiming at this stage explaining two transactions pertaining to the creditors, cannot be examined in isolation in the absence of other entries in the books of account, which could not be explained by him at the time of assessment as the queries raised by the Assessing Officer were not responded to and complete books of account were not produced. - Decided against assessee.
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