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2019 (12) TMI 1199 - AT - Income TaxUnexplained excess cash found during the course of survey - survey u/s 133A - HELD THAT:- Tribunal had categorically directed the A.O. to make verification of the claim of the assessee but instead of making the claim of the assessee, the A.O. yet again made additions, which have been challenged by the assessee in ground Nos.1 to 7. All the grounds are being disposed together for the sake of convenience and brevity. In respect of cash on hand of ₹ 2,50,000/- the explanation of the assessee is that there was some cash on hand. This submission was made before the A.O. by the assessee. However, the A.O. did not verify the contention of the assessee. As per the assessee, there was repayment by the debtors of ₹ 1,62,524/- opening cash balance was ₹ 36,389/- interest received on amount received from debtors of ₹ 40,000/- sale of opening stock of ₹ 35,800/- proceed of sale of stock of ₹ 2,000/-. All these aspects ought to have been verified by the A.O. Even the Ld. CIT did not call for any remand report from the A.O. regarding these submissions.Therefore, under these facts and circumstances cannot sustain the additions made by the A.O. and the A.O. is directed to delete the additions - Decided in favour of assessee.
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