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2016 (7) TMI 1655 - ITAT AHMEDABADAddition treating the entire tax credit as undisclosed income - HELD THAT:- There is no dispute that the assessee has not proved to have actually conducted any retail business in the relevant previous year. His stand throughout except to the extent of revised statement not accepted has been that his source of income is only salary. Learned counsel strongly argues that the assessee has been carrying out retail saree business so as to be eligible for peak credit addition amount only. We put a specific query as to whether any evidence is available in support of this retail business plea. Learned counsel fails to place reliance any documentary evidence forming part of the case file in this regard. We agree with the CIT(A) in this peculiar backdrop of facts that the assessee’s revised statement is liable to be rejected. It is made clear that there is no argument on assessee’s part qua his latter substantive ground. Nor is there any evidence or legal plea raised to controvert the CIT(A)’s findings on enhancement issue. We find no reason to interfere with the order of the CIT(A). Assessee appeal dismissed.
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