Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2016 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (4) TMI 479 - HC - Income TaxAddition on voluntary disclosure made during the course of survey - Held that:- The Assessing Officer made the addition on the basis of the statement made during the course of survey, despite the fact that the addition was not based upon any material found during the course of survey. The Commissioner (Appeals), upon appreciation of the material on record, found that the addition made by the Assessing Officer was not backed by any supporting material indicating any undisclosed income to the extent of the addition. The Tribunal, upon re-appreciation of the evidence on record, concurred with the findings of fact recorded by the Commissioner (Appeals). There was no evidence on record to establish that there was any other undisclosed income in support of the addition made by the Assessing Officer. Under the circumstances, the conclusion arrived at by the Tribunal being based upon the findings of fact recorded by it upon appreciation of the evidence on record, in the absence of any perversity being pointed out therein, the impugned order does not give rise to any question of law - Decided in favour of assessee
|