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2014 (6) TMI 397 - AT - Income TaxAddition made u/s 68 of the Act – Held that:- Relying upon Manoj Aggarwal and others Versus Deputy Commissioner Of Income-tax, Central Circle - 3, New Delhi [2008 (7) TMI 446 - ITAT DELHI-A] - CIT(A) has expressed the view that the assessee might have saved Rs.2.00 lakhs over the years - CIT(A) has failed to give relief at least to the extent of Rs.2.00 lakhs, as estimated by him - CIT(A) did not take into account the Opening Capital balance that was available with the assessee, i.e., the Ld CIT(A) has considered the income declared by the assessee and not the opening capital balance - the assessee has shown opening capital balance as on 1.4.1991 at Rs.22,06,210 - the availability of opening capital balance cannot be discounted altogether - it may not be proper to altogether reject the claim of savings from past income also – thus, the amount saved out of opening capital balance and past income is estimated at Rs.6,00,000 – Decided partly in favour of Assessee.
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