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2020 (1) TMI 11 - ITAT DELHIAddition on account of unexplained total deposits with the bank - AO also added the commission income on account of transactions in the Syndicate Bank Account - HELD THAT:- Protective addition in the hands of Dharmender Kumar was restricted to the commission at 0.37% on the net credits for A.Y. 2010-11. Therefore, there is no credible basis for treating the entire turnover as the income of the assessee for which the assessee has filed additional evidence before the CIT(A) which were taken cognizance by the CIT(A). CIT(A) has rightly held that in the subsequent scrutiny assessment orders no adverse view has been taken on the transaction in the bank account and therefore, CIT(A) rightly deleted the addition As regards direction given to the Assessing Officer to compute the commission income at 0.37% on the total transactions in bank account of M/s. Pride Trade Agency and M/s Sidh Trading Company the CIT(A) has rightly held that the assessee has not shown any nexus between the cash withdrawal and cash deposited on later dates and has not accepted the claim of the assessee and worked out commission to the extent of ₹ 1,23,712/-. - Decided against revenue
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