Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (10) TMI 1877 - AT - Income TaxBogus/unverifiable purchases - calculation under section 80HHC - Held that:- The issue in question may be set aside to the file of AO to decide the same afresh after the judgment rendered in the case of Anuj Kumar Varshney & Others vs. ITO (2015 (4) TMI 533 - ITAT JAIPUR) wherein held 15% of the unverifiable purchases shall be held to be income of the assessee from undisclosed sources in the relevant years. Also even there is no note in the computation in case of addition made on account of any reasons, the deduction would be allowed. - Decided in favour of assessee for statistical purposes. Deduction u/s 10AA - CIT(A) allowed the claim - Held that:- No infirmity in the order of ld. CIT (A). Inadvertent mistake in Form No. 56F cannot disentitle assessee from valid claim which is corrected in Form No. 56F (Rule 60). Therefore, we uphold the order of ld. CIT (A) on this issue. The ground of the revenue is dismissed.- Decided in favour of assessee
|