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2015 (6) TMI 234 - AT - Income TaxAddition u/s 69 - money is credited are the alleged benami accounts of the assesse - CIT(A) confirmed part addition - Held that:- AO has not made any logical enquiry and made addition of entire amount to order of settlement commission and during first appellate proceedings the CIT(A) deleted the part addition of ₹ 24,59,600/- in respect to M/s Samar Organics Pvt. Ltd. and since there is no appeal by the department about this part relief, therefore, it can be safely presumed that this deletion has been accepted by the Revenue The addition made by the AO and partly confirmed by the CIT(A) in respect of 10 entities amounting to ₹ 25,54,150/- was subject to decision of the Settlement Commission and when the Settlement Commission has held that no addition can be made then impugned addition in the hands of assessee is not warranted and deserve to be deleted. We order accordingly. - Decided in favour of assesse.
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