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2016 (9) TMI 1660 - AT - Income TaxBogus debtors - as per AO assessee must have collected the amounts due from the concerned debtors outside the books of account - HELD THAT:- As the said amount must have been collected by the assessee from the concerned party outside the books of account is taken to be true, such collection from debtors outside the books of account could not give rise to any income chargeable to tax in the hands of the assessee. Assessee has also submitted that the amount received from the concerned debtors at the fag end of the year under consideration, was duly accounted for by the assessee in the books of account of the next year. Addition made by the AO and confirmed by the ld. CIT(Appeals) on account of alleged bogus sundry debtors is not sustainable - Decided in favour of assessee. Disallowance u/s 40(a)(ia) - payments of bus hire charges made by the assessee to five bus owners without deduction of tax at source - HELD THAT:- We restore the issue relating to the disallowance u/s 40(a)(ia) on account of payment of bus hire charges to the file of the AO for deciding the same afresh in the light of the decision of the Tribunal in the case of Abhoy Charan Bakshi [2016 (5) TMI 755 - ITAT KOLKATA] after verifying the claim of the assessee that the concerned recipients of the bus hire charges have already offered to tax the entire amount in question in their returns of income - Assessee ground allowed for statistical purposes.
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