Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2019 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (7) TMI 310 - HC - Income TaxDisallowance of expenditure on estimated basis - addition @12.5% on which TDS was not deducted and addition @ 8.12% on which TDS was deducted - HELD THAT:- Assessee was unable to produce the books of accounts which had been prepared by the Chartered Accountant (‘CA’). CA, who was asked to appear before the AO, did not participate in the assessment proceedings. All that was available before the AO were the statement of bank accounts and some sketchy details from which no proper assessment could be made. However, the ITAT took a reasonable view of the matter and reduced the disallowance from 25% to 12.5%. The Court is unable to find any substantial question of law arising as far as the above issue is concerned. Reconciliation of income with TDS certificate HELD THAT: - As far as addition of ₹ 4.73 lacs is concerned, this became necessary as the Assessee was unable to explain the corresponding income in respect of which the TDS has been deducted. Even on this issue, the Court is unable to find any substantial question of law arising from the impugned order of the ITAT.
|