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2012 (10) TMI 484 - AT - Income TaxLow GP ratio - Addition by rejecting books of accounts u/s 145 - Held that:- The addition for low GP has been made primarily on the ground that the proper books of accounts have not been produced by the assessee before the lower authorities whereas assessee submitted that the required books and documents were produced but were not considered, thus in the interest of justice the matter is remitted to the file of AO to consider the case afresh - in favour of assessee for statistical purposes. Disallowance of deduction u/s. 80G - Held that:- Disallowance has been made in the absence of the proper evidence submitted by the assessee. Thus it proper and fit to remit this issue to the file of the AO to consider the same afresh as assessee has now claimed to have proper documentary evidence - in favour of assessee for statistical purposes. Disallowance of expenses - advertisement, business promotion & diwali - Held that:- As the issue discussed on account of low GP has been remitted back to the file of the AO for de novo consideration, hence this issues is also to be remitted back - in favour of assessee for statistical purposes.
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