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2014 (6) TMI 599 - AT - Income TaxAddition of unaccounted receipt – Held that:- Assessee is engaged in the business of securities services and he has claimed expenses against the receipt on account of salary expenses, conveyance expenses, petrol expense banking expenses and tea expenses - CIT(A) has given relief to the assessee to extent of salary expenses subject to verification by AO - The other expenses are nothing but incidental expenses in the line of business in which assessee is engaged i.e. security services and since expenses are reasonable when compared to the total receipts, deserve to be allowed – the order of the CIT(A) is set aside – Decided in favour of Assessee. Addition of unexplained credit entries in books of account – Held that:- CIT(A) gave relief to the assessee to the extent of Rs. 15,000/- subject to verification of the confirmatory letter of the creditor Mr. Rajesh Joshi and confirmed the balance addition of Rs. 85,000/- for want of evidence in this respect - no evidence has been brought on record in this respect, thus, there was no need to interfere with the order passed by CIT(A) – Decided against Assesse.
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