Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (12) TMI 1141 - AT - Income TaxAddition u/s 68 - assessment u/s 153A - Held that:- CIT(A) has rightly held that there is no incriminating documents/assets found during the search operation. Though the DR disputed the same, but could not demonstrate that the documents are incriminating in nature. In fact, these documents prove the transactions of the assessee as claimed by the assessee in its books of accounts which were produced before the AO during the assessment proceedings. The CIT(A) has given a detailed and reasoned order on merit as well and the Ld. DR could not make out any contrary facts as stated in the order of the CIT(A). The submission of the Ld. DR that the documents were not filed before the AO is also not correct as these documents have been submitted before the AO as per the record. Therefore, there is no need to interfere with the findings of the CIT (A). This appeal filed by the Revenue does not survive.
|