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2016 (1) TMI 529 - AT - Income TaxAddition on account of difference between income admitted during the course of survey U/s 133A and return income - CIT(A) deleted the addition - Held that:- The statement recorded U/s 133A as held by the various courts including Hon'ble Supreme Court that statement recorded has no evidentiary value and also rebuttable. The assessee admitted ₹ 4 crores during the survey estimated regular income but books had not been completed as date of survey was 11/3/2010. The statutory deduction such as depreciation, interest on loan, salary to the Director and other statutory liability could not ascertain at the time of survey, which has been explained by the ld AR. The ld DR has not controverted the finding given by the ld CIT(A), therefore, we uphold the order of the ld CIT(A). - Decided against revenue
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