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2020 (1) TMI 1039 - HC - Income TaxUndisclosed income - assessment u/s158BC r.w.s.143(3) for the block period - adoption 4% gross profit on undisclosed turnover - assessee returned an undisclosed income in the block return of income - HELD THAT:- Assessing Officer was directed to re-calculate the addition at the rate of 2% on the gross profit. The Tribunal nowhere has said that the undisclosed income which was filed by the appellant himself should not be taken into account. It is also pertinent to mention here that the assessee himself before the Assessing Officer had made a request that the income of ₹ 62,27,305/- declared by him be accepted and the assessment be completed. From perusal of the order passed by the Commissioner of Income Tax (Appeals) also, it is evident that the dispute was only with regard to rate of gross profit on the income which was not disclosed by the assessee. Therefore, it cannot be said that the Assessing Officer has disobeyed the direction contained in the order passed by the Tribunal.
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