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2011 (5) TMI 369 - DELHI HIGH COURTAddition - Reassessment - undisclosed income - The assessee had also spent a sum of Rs. 26,88,450/- on cycle rickshaw publicity & video van publicity as well as banners and, therefore, net amount was taken to the profit and loss account - The CIT (A) accepted this explanation and deleted the addition, inter alia, observing that the net income had been taken @ 15% at the receipt - The learned counsel for the Revenue is that the purported expenditure of Rs.26,88,450/- on account of cycle rickshaw publicity & video van publicity as well as banners etc. is accepted without any proof thereof - Accordingly, the matter is remitted back to the AO who shall verify the records of the assessee and go into the veracity of expenditure of Rs.26,88,450/- claimed by the assessee.
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