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2020 (9) TMI 577 - AT - Income TaxUnaccounted cash found at the time of search - HELD THAT:- As relying on M/s. Jai Amarnath Associates vs DCIT [2019 (9) TMI 1396 - ITAT JAIPUR] we are of the view that since the whole cash amounting was not found from the possession of the assessee and the premises at G-8, Ratna Sagar, MSB Ka Rasta, Johri Bazar, Jaipur is not the premises belonging to the assessee and the assessee had duly reconciled the cash found from the assessee's books of accounts. Therefore, the addition made by the AO on this ground is not sustainable in the eye of law. Thus Ground No. 1 of the assessee is allowed. Disallowance of interest paid on late deposit of TDS - HELD THAT:- Referring to discussions as well as the decision of ITAT Kolkata Bench in the case of DNV GL As vs ADIT (International Taxation) [2017 (5) TMI 1675 - ITAT MUMBAI] we are of the view that the interest paid by the assessee for delayed payment of TDS in respect of statutory liabilities and thus this interest amount cannot be treated as business expenditure u/s 37(1) - no infirmity in the order of the ld. CIT(A) which is confirmed. Thus Ground No. 2 of the assessee is dismissed.
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