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2017 (4) TMI 1310 - AT - Income TaxRejection of books of accounts - Income estimation - on the basis of average sales rate, the value of total unaccounted production was estimated - variation of 15% in consumption of electricity per metric ton of finished goods - Held that:- CIT(A) has accepted the variation of 15% in consumption of electricity per metric ton of finished goods as per the report of the Committee. The same has already been followed by the Assessing officer in subsequent assessment year. Considering the above facts and circumstances, we do not find any infirmity in the order of the CIT(A) while directing the Assessing officer to accept the books results shown by the assessee and to delete the additions made by the Assessing officer on account of unaccounted profits / unaccounted investment made on estimation basis as discussed above. The order of the CIT(A) is, therefore, upheld. - Decided against revenue
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