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2017 (6) TMI 690 - ITAT DELHIAddition of cash deposit and credit card expenses - addition made as per AIR information - CIT-A allowed claim - Held that:- The Assessing Officer in the remand report had accepted substantial availability of the cash and credit card payment. Therefore revenue has no grievance against the order of the Ld. CIT(A) in deleting the addition to that extent which is agreed by the Assessing Officer to be deleted in the remand report. Ld. CIT(A) also considered the issue of cash deposit of ₹ 15,71,200/- and accepted the explanation of assessee based on the letters sent to the bank by the assessee in which no infirmity has been pointed out by the Ld. DR. CIT(A) correctly deleted the substantial addition on the basis of the remand report submitted by Assessing Officer agreeing to availability of funds with the assessee and that the cash withdrawal of ₹ 15,00,000/- post last date of deposit was considered favourably and available to assessee based on the evidence and material on record - Decided against revenue
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