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2019 (6) TMI 838 - AT - Income TaxAddition of net profit - Rejection of books of accounts - HELD THAT:- The assessee’s books of accounts were rightly rejected by A.O observing discrepancies as mentioned herein above in preceding paras and Ld. CIT(A)has rightly sustained the addition of 1% net profit rate thereby confirming the addition. Disallowance u/s 40(a)(ia) - non deduction of tax at source at testing charges paid by the assessee - HELD THAT:- Once after rejecting the book results, net profit is estimated by applying net profit rate, no disallowance could be made separately for other expenses, as the profit element already stands considered during the application of net profit rate. We accordingly delete the disallowance made u/s 40(a)(ia) - Decided in favour of assessee.
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