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2014 (2) TMI 606 - HC - Income TaxAdditions on estimated basis - Held that:- The additions were deleted partly by the CIT(A) and further by the Tribunal - The assessee was engaged in the electronic business and the additions were made on estimate basis which were substantially deleted by the appellate authorities - the addition was made pertaining to the rate of interest - The assessee has shown the rate of interest @ 23% and the A.O. has allowed 18%, the difference of 5% is based on estimate basis - There was no reason to interfere with the order passed by the Tribunal and the same is sustained along with the reasons – there was no substantial question of law is emerging from the order – Decided against Revenue.
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