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2013 (10) TMI 646 - AT - Income TaxAddition u/s 68 - Unproved booking amount – Held that:- The names, address and PAN of the creditors was known to the Revenue, still the AO has insisted on the assessee to furnish the confirmation and in the absence thereof, he made the addition u/s. 68 of the I.T. Act - assessee has duly discharged its onus - If the AO was not satisfied, he could have summoned the creditor by issuing the notice u/s. 131 of the I.T. Act - AO has not done this exercise – the amount received cannot be treated as undisclosed income of the assessee. Addition out of total vehicle expenses - AO has not pointed out as to which of the vouchers were not available - He has made an addition on estimate basis without pointing out the specific shortcomings - when the AO has not been able to point out the specific defects, the addition in this regard is not sustainable - the orders of the authorities below set aside – Decided in favour of Assessee.
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