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2018 (6) TMI 1624 - HC - Income TaxAddition u/s 40(a)(ai) - Books of Account were rejected and the profit was estimated @ 8% of turnover - ITAT deleted addition - whether the addition made as per the statutory provision could be interfered with in a manner done? - HELD THAT:- Having heard learned counsel for the parties and on analyzing the reasons that weighed with the Tribunal for rejecting the justification given by the learned Commissioner (Appeals), we find that the Tribunal has not committed any error. Once the Books of Account were rejected and the profit was estimated @ 8% of turnover, then, the same Books of Account cannot be relied upon for the purpose of making addition under the provision of Section 40 of the Act. In doing so, the Tribunal has not committed any error. We do not find any substantial question of law warranting reconsideration. - Decided against revenue.
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