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2017 (12) TMI 1346 - AT - Income TaxAddition on account of advances from the customers - CIT-A allowed claim - Held that:- In case of three credits, the Assessing Officer himself has recorded that advances are fully verified. We do not find any justified reasons for agitating the additions, where the Assessing Officer himself has accepted as no addition is warranted. Further, in case of few credits, the assessee has already furnished affidavits from the customers and in the statement recorded by the Inspector, the relevant customers have already shown the registered sale deed and owned the fact of payment made, no addition is called for in the case of the assessee against such advances appearing in the balance sheet for relevant year ending. In few cases, the advances have been received in earlier years and thus, no addition could have been made in the year under consideration. Wherever, the credits have not been explained, the Ld. CIT-(A) has already sustained the addition. In our view, order of the Ld. CIT-(A) on the issue in dispute is well reasoned and we do not find any infirmity - Decided against revenue.
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