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2014 (1) TMI 1595 - GUJARAT HIGH COURTNet disclosed income of diesel and oil expenses - Held that:- The respondent assessee was to receive the gross freight amount from BPCL with whom he had a contract - The net amount was paid by the BPCL to the assessee and the payment was made directly to the Petrol Pump on the basis of Fleet Card -BPCL had issued monthly statements showing recovery towards diesel charges - The contract with BPCL also reflected that the same was as per the contract - The lower authorities have correctly decided the issue based on findings - Decided against Revenue. Suppression of income - Held that:- The TDS certificate as well as certificate issued by Yatayat Sangam Petrol Pump clearly reflects that the amount has been received by them directly from BPCL and not from the assessee - The CIT(A) was satisfied with the explanation - Decided against Revenue.
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