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2014 (9) TMI 603 - AT - Income TaxAddition made - No details of assets and liabilities – Held that:- When an assessee files his return for the first time, the onus is always on him to prove the figures of assets shown in the balance sheet, both opening as well as closing - The argument that opening figures should be deemed to be explained, does not stand in such a scenario - The figures of the opening assets and liabilities are deemed to be explained in next year onwards and not when the return is filed for the first time. In such a case, it is always for the assessee to substantiate the opening figures taken in the balance sheet – As decided in assessee’s own case for the earlier assessment year, it has been held that the matter requires fresh adjudication – thus, the matter is remitted back to the AO for fresh adjudication – Decided in favour of assessee. Low household expenses – Held that:- CIT(A) has restricted addition by considering the assessee’s household expenses at a meager sum - such an estimate per month towards household expenses is more than reasonable – Decided in favour of assessee. Treatment of salary income as income from other sources – Held that:- In order to claim a particular amount under the head ‘Salary’, it is the first essential ingredient to declare the name of employer - This basic requirement is lacking – the amount was shown by the assessee as her income and in the absence of any details of employer forthcoming, the order of the CIT(A) is upheld – Decided against assessee.
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