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2017 (5) TMI 714 - AT - Income TaxUnexplained expenditure - addition in assessment orders under section 153A - Held that:- Assessing Officer merely contended in the remand report that copies of the account submitted by the assessee do not clearly substantiate his claim. The learned counsel for the assessee prepared a chart as per the contents of the seized documents and each entry is explained through entries in the day book journal voucher and ledger account of advances (land). It therefore, supports the explanation of the assessee that all the expenditure mentioned in the seized papers are duly reflected in the regular books of account of the assessee. The learned Departmental representative did not file any objection to the documents filed in the paper book were part of the record of the learned Commissioner of Income-tax (Appeals). Therefore, the explanation of the assessee that all the expenditure mentioned in the seized papers are reconciled through regular books of account stands established and proved. Therefore, there is no justification to make or sustain the addition against the assessee. We, therefore, set aside the orders of the authorities below and delete the addition - Decided in favour of assessee.
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