Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2020 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (11) TMI 262 - AT - Income TaxDisallowance of Development Expenses - Genuineness of payments to sub contractors during second reassessment proceedings - HELD THAT:- Since the assessee has failed to prove the genuineness, evidence of work done like valuation report, or any other details w.r.t. this claim and he further observed in the same para that since an amount is already added in the order dated 29.12.2009, only the balance amount is required to be disallowed further and he made the disallowance of ₹ 487,88,586/- in this second reassessment order dated 30.03.2013. Since, the impugned order of CIT (A) and the assessment order dated 31.03.2015 passed by the AO u/s 143 (3) r.w.s. 254 are in line with the direction of the tribunal in para 12 of the said tribunal order dated 20.09.2013 in first round as per copy available we hold that no interference is called for in the order of CIT (A) dated 13.01.2020. Addition u/s 68 - consequent demand raised as per order u/s 154 - HELD THAT:- CIT (A) observed that the assessee failed to submit any evidence in support of its contentions raised in grounds of appeal and no documentary evidence has been produced nor any evidence furnished to substantiate its claims. Before us also, no material is produced to show that the transaction in question is genuine although it is held by the AO that the same is not genuine. Assessee appeal dismissed.
|