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2015 (10) TMI 1433 - AT - Income TaxAddition of sundry creditors - Record of Rights had not been produced - Held that:- As the Assessee has produced fresh evidences before us in the form of Record of Rights of some of the creditors who have been disbelieved and whose credits have been added in the hands of the Assessee, as also taking into consideration the confirmation given by the ld. AR that he would be able to produce these evidences before the AO, this issue is restored to the file of the AO for re-adjudication after granting the Assessee adequate opportunity to substantiate its claim. - Decided in favour of assessee for statistical purposes. Disallowance of ‘Vehicle expenditure’ - Held that:- . Considering the fact that the Assessee is operating in remote places in Belgaum and also taking into consideration that the expenditure relates to trucks also, we are of the view that the interest of justice would be served if the disallowance is restricted to 10% of the total expenditure. 10% of the total expenditure would come to about ₹ 75,100/- which is rounded off to ₹ 75,000/-. Consequently, the AO is directed to restrict the disallowance to ₹ 75,000/-. - Decided in favour of assessee in part.
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