Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (8) TMI 67 - AT - Income TaxUnaccounted job work charges Addition on impounded bill books Held that:- The assessee could not place any evidence to co-relate that the entire job work charges shown were duly recorded in its books of account there was no infirmity in the order of the CIT(A) in this regard and the addition is confirmed the assessee could not place any evidence to explain that the cash sales shown in the bill book, which was duly recorded in the regular books of account - Decided against Assessee. Undisclosed capital employed Held that:- CIT(A) reduced the amount to ₹ 5 lakhs - the assessee has made sales outside the books of account, in which additional capital is required and the CIT(A) has reduced the addition from ₹ 9 lakhs to ₹ 5 lakhs in this account - no further interference is needed for in the order of the CIT(A) Decided against Assessee.
|