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2013 (5) TMI 356 - AT - Income TaxUnexplained credits – set off of the addition - Withdrawal of set off of peak of cash credits against unaccounted advances to farmers by AO on direction given by CIT(A). - Held that:- Similar dispute regarding set off of peak of cash credits against unaccounted advances to farmers also arose in case of the assessee's wife [2013 (5) TMI 355 - ITAT HYDERABAD] for the impugned assessment year. In assessee's wife case also, the AO by virtue of an order passed u/s 154 of the Act withdrew the set off of peak of cash credits allowed in the consequential order passed by him in pursuance to the order of the CIT (A). In this case also, the facts are materially similar to the facts involved in earlier case of Smt. C. Prabhavathi. In fact, the CIT (A) has followed the order passed by the first appellate authority in case of assessee's wife. - Decided against the revenue.
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