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2016 (9) TMI 1142 - AT - Income TaxUnexplained sundry creditors - Held that:- The documents available on record relied upon before the AO the CIT(A) have been taken into consideration. We find that in the absence of any argument assailing the same the finding of the CIT(A) that the addition deserves to be deleted cannot be faulted with. It is seen that the conclusion drawn that the sundry creditors had not directly confirmed to the AO was found to be incorrect. Further the non-receipt of a response to notice under section 133(6) from M/s Ajanta Transport, Kolkata, the assessee has explained it by stating that the notice was sent to an incomplete address. The same has been confirmed by the said party and the evidences have also been confirmed by way of an email. In the absence of any infirmity pointed out by the Revenue, the Departmental ground is dismissed. Addition u/s 69C - unexplained expenditure of commission - confirmation from commission agents that they had rendered services and receive the said amounts - Held that:- Sri Vinod Maheshwari and Mrs. Urvashi Maheshwari at the relevant point of time aged 40 and 38 are stated to have 20 years and 12 years experience in dealing in petroleum products and their qualifications were B.Com. and B.A. respectively. The services rendered have been explained that they booked orders of petroleum products for Modern Chemicals effecting sales to the tune of ₹ 52,69,216/- and ₹ 36,76,469/- by Mr. Vinod Kumar Maheshwari and Smt. Urvashi Maheshwari respectively. Accordingly on a consideration of the peculiar facts, circumstances, evidences and the material on record, we find no good reason to interfere with the finding arrived at in deleting the addition - Decided in favour of assessee.
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