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2017 (4) TMI 178 - AT - Income TaxAddition on income from sand business - Held that:- Keeping in view of the business carried-out by the assessee, the Commissioner of Income Tax (Appeals) was of the opinion that estimation of income of ₹ 30,000/- from the sand business is reasonable. Accordingly, confirmed the order of the Assessing Officer. Even before me, assessee was not able to substantiate any evidence that the addition made by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals) is on higher side. In view of the above, find no reason to interfere in the order passed by the Commissioner of Income Tax (Appeals). Thus, this ground of appeal raised by the assessee is dismissed. Unexplained investment in purchase of TATA Safari Car - Held that:- Commissioner of Income Tax (Appeals) has given many opportunities to file details about the repayments received and also details in respect of sale of car to the third party. The assessee neither appeared nor filed details before the Commissioner of Income Tax (Appeals). Under these facts and circumstances of the case, Commissioner of Income Tax (Appeals) confirmed the order passed by the Assessing Officer. Even Before us, the assessee has not filed any details in respect of payments received from Sri Tadi Tada Rao from whom assessee purchased the car nor filed any details of third party to whom car was sold. Under these facts and circumstances of the case, find no infirmity in the order of the Commissioner of Income Tax (Appeals). Credits in the bank account as representing receipts from sand business - Held that:- The assessee has not furnished any information regarding bank credits. During the course of appellate proceedings also, no information was given with regard to deposits in the bank account, accordingly, he upheld the order passed by the Assessing Officer. Before me, learned counsel for the assessee submitted that the addition made by the Assessing Officer on estimate basis is without any basis, however, the assessee has not filed any material to explain the source of credits in the bank account to the tune of ₹ 50,30,160/-. Under these facts and circumstances of the case, I find that Assessing Officer has justified in estimating the income of the assessee and the same was confirmed by the Commissioner of Income Tax (Appeals). Unexplained investment in land - Held that:- No material is filed to substantiate that the assessee’s son is having source of income to purchase the land. As no evidence was filed to substantiate the source of investment and also return of income filed by his son Commissioner of Income Tax (Appeals) rightly confirmed the order of the Assessing Officer Addition towards contract business - Held that:- The assessee has not filed any evidence to shows that the amount received from Dattatreya Company has been paid to original owners of the sand. He has also not given the details of the original owners. Before me also, the assessee has not submitted any details regarding original owners and also not able to substantiate that the amount credited in his bank account has been transferred to owners of the sand. Assessee appeal dismissed.
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