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2018 (6) TMI 1224 - AT - Income TaxAssessment u/s 153A - Additions made to the income of the assessee based on the loose sheets found in search - estimation of net profit at @ 6% of sales - Held that:- A.O and CIT(A), have rejected the books of account for all the six years and have estimated the profit @ 6% of sales and this issue was considered by the Coordinate bench of this Tribunal in the assessee’s own case for the A.Ys 2006-06 & 2007-08 and has deleted the addition as held in the absence of any incriminating material suggesting that book results should be rejected the addition cannot be made on estimate basis in the assessment made u/s 153A - Respectfully following the same, the grounds of appeal allowed and the addition after estimation of income @ 6% by the A.O and CIT(A) is deleted. Alleged loan given to Sri Rajeswar Rao has not been proved. Receipt of alimony - Held that:- assessee has stated that he has received the money from his daughter, Smt. Deepa, who in turn has received the same from her divorced husband, towards her sons maintenance and permanent alimony. Though, the assessee has filed the copy of the court order in support of the contention that Smt. Deepa has received the money, as rightly pointed out by the Ld. A.O and CIT(A), the assessee has not been able to prove with substantial evidence that this is the money advanced by Smt. Deepa, particularly when the conditions of granting alimony have not been fulfilled by Smt. Deepa. In view of the same, the grounds are rejected. Deduction claimed u/s 80U denied.
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