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2018 (9) TMI 285 - AT - Income TaxN.P. rate determination - rejection of books of accounts - non production of complete bills and vouchers - Held that:- The assessee did not make any compliance to the query of the AO and the Ld. CIT(A). Therefore, the sole contention of the Ld. Counsel for the assessee that books are subject to audit would not help the assessee in any manner. Since the expenses were claimed of ₹ 2.61 crores against turnover of ₹ 3.61 crores and the same have not been subjected to production of complete bills and vouchers, therefore, the claim of the assessee cannot be allowed as such. The Authorities Below were therefore justified in applying NP rate of 5%. The addition was made of ₹ 11,78,847/- to the returned income of assessee is reasonable as against huge claim of expenditure. Considering the totality of the facts and circumstances, we do not find any justification to interfere in the orders of the authorities below, therefore, we dismiss the appeal of the assessee.
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