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2014 (1) TMI 1857 - AT - Income TaxDetermining the income on the final books of account - rejection of books of accounts - confirming the net accretion method adopted by the AO for determination of the total income - HELD THAT:- In the assessee’s group of cases, in Shri Hitesh S. Mehta [2013 (12) TMI 244 - ITAT MUMBAI] for the assessment year 1991-92, while deciding a similar issue, has directed the Ld.CIT(A) to compute the income as per books of account. In view of the reason that similar facts and issue are involved in this ground raised by the assessee, following the said order we direct the Ld.CIT(A) to compute the income as per books of account for the same reasons given by the Tribunal in the aforesaid case. Ground No. 3 is allowed for statistical purpose. Determination of unaccounted investments - information collected from various companies allegedly showing the share holding of the assessee - HELD THAT:- It is noted that similar issue has been decided by the Tribunal in the case of Shri Hitesh S. Mehta (supra) and the Tribunal has deleted a similar addition which have been made on the basis of information collected from various companies behind the back of the assessee. In the absence of any contradictory material brought on record by the Revenue, following the said order, we decide this ground in favour of the assessee Disallowance of deduction on account of interest expenditure claimed by the assessee - HELD THAT:- ntical issue has been considered by the Tribunal in the case of Hitesh S. Mehta (2013 (11) TMI 1650 - ITAT MUMBAI) and the Tribunal restored this issue back to the file of the AO by following the directions of the Tribunal in Hitesh S. Mehta’s own case for the assessment years 2005-06 and 2006-07 in [2013 (12) TMI 244 - ITAT MUMBAI]
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