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2014 (5) TMI 657 - ITAT MUMBAIDeletion made as unexplained/ unproved purchases - Painting purchased by assessee – Held that:- CIT(A) has noted that the assessee company during the year was not engaged in the business of trading in paintings and no deduction was claimed by it on account of expenses incurred on purchases of painting which was treated by AO as unproved /unexplained – revenue has not been able to controvert or rebut this position - CIT(A) rightly held that when no deduction was claimed by the assessee on account of purchases of painting, addition could not be made to the total income of the assessee even if the said purchase of painting was found to be unproved /unexplained - payment against purchase of painting was made by the assessee company by cheque and the same was duly reflected in its books of account – the order of the CIT(A) is upheld that the addition made by the AO on account unproved purchases of painting was not sustainable – Decided against Revenue.
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