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2014 (5) TMI 856 - DELHI HIGH COURTValidity of order of remanding back the addition – Amount added as undisclosed income - Held that:- The decision of the Tribunal cannot be accepted as to the remanding the matter back to the AO is in any manner perverse or raises a question of law – the contention of the assessee that the amounts noted on the documents reflected contributions to Virendragram project was required to be verified and the same could be done by examining the entries in relation to the Virendragram project – there was no infirmity with this reasoning. Deletion of certain addition made by AO – Unexplained expenses – Held that:- Revenue contended that he Tribunal had deleted various deletions made by the AO without appreciating the evidence on record – revenue has not been able to point out any specific instance which indicates that the decision of the Tribunal is perverse or not informed by reason. Deletion of household assets and unexplained sum – Held that:- The Tribunal found that the explanation given by the assessee with regard to the household items as well as with respect to the bank deposits in the account of M/s Bhatnagar Design were not satisfactory - the Tribunal concluded that the ad hoc addition of ₹ 10 lacs made on account of bogus expenses as well as the amount accepted by the assessee as undisclosed income were sufficient to include the - the finding of the Tribunal cannot be stated to be perverse – No substantial question of law arises foe consideration - Decided against Revenue.
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