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2018 (5) TMI 1597 - AT - Income TaxDisallowance u/s 40A(3) - addition on account of undisclosed purchase - Held that:- the assessee made payment against purchases an amount exceeding ₹ 20,000/- in a day and thereby violating provision of section 40A(3) - issue is squarely covered in favour of the assessee by the decision of the Coordinate Bench of ITAT, Kolkata in assessee’s own case, in ITA No. 1034/Kol/2016 - revenue was unable to produce any material to controvert the findings - thus addition is deleted - decided in favor of assessee. Undisclosed purchases - Amount of TDS deducted - Additions as per form 26AS - Held that:- the total purchases debited in P&L a/c is ₹ 48,35,023/- whereas the amount shown in the Form No.26AS excluding TCS is to the tune of ₹ 47,31,926/- - thus the difference of ₹ 1,03,095/- is being added to the income of the assessee - since the assessee is not able to reconcile the difference - hence appeal filed by the assessee is partly allowed.
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