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2022 (10) TMI 1218 - AT - Income TaxEstimation of income - bogus purchases - HELD THAT:- As in respect of bogus purchases the assessee had not produced an supporting documents in the form of delivery challan, lorry receipt stock register in support of such purchases, therefore we don’t find any reason to interfere in the decision of ld. CIT(A) in restricting such purchases to the extent of 12.5% of the purchase amount. We restrict the addition in respect of purchases made from Abishek Enterprises also to the extent of 12.5% of such purchases. Sundry creditors even during remand report proceedings the assessee has failed to make any compliance in spite of opportunity provided by the ld. CIT(A). The assessee had failed to furnish the confirmation from the sundry creditors. These facts demonstrate that the assessee had failed to furnish even basic document like confirmation from the creditors before the lower authorities, therefore, we don’t find any reason to interfere in the decision of ld. CIT(A). Disallowance out of household expenses and other miscellaneous expenses we find that the A.O has not substantiate the reason for such disallowance with relevant break up and defect in the nature of detail submitted by the assessee during the course of assessment proceedings, therefore, we consider that decision of ld. CIT(A) in sustaining these addition is not justified. Accordingly, we direct the A.O to delete the addition on account of low household withdrawal and on account of discrepancy in expenses. Appeal of the assessee is partly allowed.
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