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2012 (8) TMI 550 - ITAT, PUNEDisallowance of traveling allowance as exempt u/s 10 (17) - also exemption u/s 10 (14) (i) being unspent amount of traveling allowance - Held that:- The plea raised by the assessee is not borne out of the bare provisions of section 10 (17) which exempts only daily allowance received by a Member of the State Legislative Assembly or Member of the Parliament - alternative claim u/s 10 (14) (i) being unspent amount is also untenable as the same is relatable to allowances received in performance of the duties of an office or employment of profit which is not the case with the instant assessee - against assessee. Addition on account of unexplained cash credits - Held that:- In terms of section 68 the onus is on the assessee to establish the nature and source of the credits appearing in his financial statements - CIT (A) has recorded a finding that there was no documentary evidence produced in support of the amount in question and even the explanation furnished to the effect that the sum represented advance against proposed sale of land has also been doubted, inasmuch as that even after expiry of 11 years after the proposed sale, the transaction does not appear to have fructified - against assessee.
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