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2014 (4) TMI 1011 - HC - Income TaxJustification for rejection of books of accounts u/s 145(2) of the Act - Sales not verifiable from the accounts – Addition u/s 68 of the Act – Substantial question of law – Held that:- The CIT(A) has observed that all the quantitative details are available in the books of Account and that the accounts are regularly maintained and on those factual findings deleted the addition made by AO, which was confirmed by the Tribunal – as such no substantial question of law arises in respect of deletion of addition made u/s 145(2) - the cash creditors including the ladies creditors appeared before the AO and their income particulars were filed before the AO - The AO disbelieved all those documents and statement of those creditors for one reason or the other - The CIT(A) rightly held that the AO was not justified in making addition as an unexplained credit – the Tribunal was right in confirming the order of deleting the addition of Rs. 9,83,935/- made u/s 68 of the Act - So far as deletion of addition of Rs. 9,83,935/- made u/s 68 of the Act is concerned, there was no substantial question of law arises – Decided against Revenue.
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