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2019 (12) TMI 962 - AT - Income TaxAddition to rental income - two lease agreements - the rent has been remarkably low for the last eight months of the financial year. - hiding material facts - rental income of the assessee from the leased out premises should be taken @ ₹ 5 lacs per month for the whole year as against the rental income taken by assessee @ 5 lacs for four months and ₹ 1 lacs per month for 8 months - HELD THAT:- There is absolutely no mention of any sketch containing the factory shed and administrative building in any of the agreements. Further the second agreement does not bear the signature of any witnesses although the agreement says that it was signed in the presence of the witnesses. We, therefore, hold that the explanation offered by the assessee is not born out of records. The so called sketches are not signed by the notary. These documents in our opinion are only self serving. The letter addressed to the Excise Superintendent also can be termed as self serving, since the copy of letter which is placed at page 63 of the paper book, does not bear the seal of the Excise Department where as the previous letter dated 30.10.2006 addressed to the excise department bears the seal of the department alongwith the designation of the person who has received it. Therefore, it is only a piece of paper ment for self serving. In view of the above discussion and in view of the detailed order passed by the CIT(A) on this issue, we find no infirmity in the same. Accordingly the same is upheld and the grounds raised by the assessee are dismissed.
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