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2016 (5) TMI 248 - AT - Income TaxDepreciation claimed on the computers - Held that:- After going through the depreciation chart, there is no error in the claim made by the appellant. The deprecation disallowance is hereby deleted. - Decided against revenue Addition on unexplained credits in the name of Sh. Gokul Tandon - Held that:- As the additional evidences are filed by the assessee in respect of genuineness of the transaction and creditworthiness, before us, in the interest of justice, we feel it appropriate to remit the matter back to the file of the Assessing Officer, to examine all the additional evidences submitted by the assessee before the Tribunal and decide the issue in accordance to law Addition on account of unexplained cash credit in the name of M/s Go To Customer services private limited - Held that:- We find that the amount of unsecured loan received and paid as per the details filed by the assessee prepared on the basis of its books of accounts were matched with the ‘ledger accounts’ confirmed by the loan creditor M/s Go To Customer services private limited, then there was no basis for the Assessing Officer for holding the loan amount appearing in tax audit report as correct and making addition for unexplained cash credit on that basis, was not justified. In view of above, we find that order of the ld. Commissioner of Income-tax (Appeals) on the issue in dispute is well reasoned and we uphold the finding of Commissioner of Income-tax (Appeals) on the issue in dispute - Decided against revenue Disallowance of various expenses claimed by the assessee - Held that:- We find that not only the assessee has averred that books of account were produced before the assessing officer but also the books of accounts of the assessee company were audited by the auditor as per company law as well as by the tax auditor. In our opinion, the findings of the ld. Commissioner of Income-tax (Appeals) on the issue in dispute are well reasoned and no interference on our part is required. Thus, we uphold the finding of the ld. Commissioner of Income-tax (Appeals) on the issue in dispute. - Decided against revenue
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