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2012 (7) TMI 278 - AT - Income TaxAddition in respect of unapproved Sundry Creditors - liabilities accrued by way of royalty - CIT(A)deleted the additions - Held that:- Considering the records and balance sheets of all the creditors except one all the additions are liable to be deleted as no addition is there to the liability in this year under considerations and it cannot be said that the liability has ceased to exist as the amount has not been credited to profit and loss account. Therefore, it is held that addition in respect of this account was not justified - Looking to the fact that this is also a running account addition of closing balance was not maintainable - partly in favour of assessee. Disallowance on account of unvouched expenses - Held that:- adhoc disallowance was made on the ground that expenses are not fully vouched whereas not even a single instance of unvouched expense has not been mentioned in the assessment order - considering that the expenses are fully vouched as the AO has not mentioned even a single missing voucher no addiotns is warranted - in favour of assessee.
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