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2014 (6) TMI 801 - AT - Income TaxAccrual of income - Addition of advance received before commencement of professional work It was contended by the Ld. Counsel that since the matter before the SEBI was taken up only in 2009 and the proceedings before the SEBI concluded by its order dt. 23.4.2010, the assessee booked the advance received ₹ 12 lakhs as income for financial year 2009-10 pertaining to A.Y. 2010-11 - Held that:- The AO has not considered the chronological events of the case - AO has simply added ₹ 12 lakhs on the belief that no client would give money to an Advocate unless some work is done by that Advocate - CIT(A) has confirmed the addition stating that the AO has doubted the genuineness of the evidence filed before him the issue needs re-adjudication at the assessment level thus, the matter is required to be remitted back to the AO for adjudication - assessee is directed to file the details of chronological events which took place before the SEBI alongwith confirmations from the parties Decided in favour of Asssessee.
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