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2016 (3) TMI 92 - AT - Income TaxAddition u/s 69A - Held that:- The assessee vide letter dated 09/11/2009 claimed that the amount in question had been kept out of his personal savings of the earlier years and the same has been reflected in the books of account. From the aforesaid facts it can safely be inferred that the money in question belonged to the assessee particularly in the light of the fact that the same had not been recorded in the books of accounts at the time of search. Under these circumstances, benefit of entries made subsequently in Capital Account Statement as on 31/03/2008 cannot be extended to hold that the assessee has discharged the burden of explaining the nature and source of acquisition of money in question to the satisfaction of the authorities concerned within the meaning of section 69A of the Act. - Decided against assessee Addition to the extent of amount donated to Seth Shree Motisha Sadharmik Bhakti Kendra, Mumbai -assessee has produced copies of certificates u/s 80G - Held that:- Explanation given by the assessee in respect of payment allegedly made to Jain International trade Organization and other donations in question are not supported by any documentary evidence, therefore, there is no reason to interfere with the findings of the Ld. CIT(A). In our considered opinion the appellant has failed to establish that the remaining amount of ₹ 14,801/- was either spent exclusively for the purpose of business or given as donations within the meaning of 80G and is not entitled for claim deduction thereof. The Ld.CIT has, therefore, rightly confirmed the disallowance to the extent of ₹ 14,801/-. - Decided against assessee
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