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2015 (2) TMI 530 - AT - Income TaxUnexplained cash deposits in bank account - CIT(A) allowed part claim - Held that:- Considering order of the learned CIT(A), who had analysed the cash deposited in the bank account and withdrawal made on various dates in the both the accounts i.e. in Axix Bank and Malviya Urban Cooperative Bank, Jaipur, there is no material on record from either side to controvert the finding of the learned CIT(A), therefore, we uphold the order of the learned CIT(A). - Decided partly in favour of assessee. Ad hoc disallowances @ 20% out of expenses - Held that:- The learned CIT(A) had examined all the aspects of expenses claimed by the assessee with evidence and books of account. The appellant had not controverted the finding give by the Assessing Officer before the learned CIT(A). Therefore, we also uphold the order of the learned CIT(A) who had confirmed the addition by observing that the assessee had been provided sufficient opportunity to produce the books of account before the Assessing Officer but he failed to produce the same and had not established the genuineness of the expenses. - Decided against assessee.
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