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2019 (12) TMI 304 - AT - Income TaxSurvey - Discrepancy with respect to excess stock - excess cash - HELD THAT:- Ld.CIT(A) has noted that there was no retraction of additional income by the assessee nor any material has been placed by assessee to show that the additional income was admitted by coercion or undue pressure. He has thus concluded that non-declaration of admitted income was a well planned devise to frustrate the efforts of the Department to unearth unaccounted income. These findings of Ld.CIT(A) has not been controverted by assessee. There are no no reason to interfere with the order of Ld.CIT(A) as far as addition of ₹ 5 lac is concerned - With respect to addition of ₹ 1,20,000/- on account of low house hold expenses, once the addition of ₹ 5 lakhs has been made in the present case, it would take care of the addition of low household expenses of ₹ 1,20,000/- and in such a situation, separate addition on account of low household expenses is not called for and therefore, it s directed to delete the addition of ₹ 1,20,000/-. The appeal of the assessee is partly allowed.
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