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 368 - AT - Income TaxUnexplained cash sales - AO in his affidavit has given a statement under oath that, there has been no sales outside the books, and that, books were audited that were filed before authorities below - HELD THAT:- In assessment order passed, we note that, assessing officer has not provided bifurcations of cash sales added as unaccounted in books of account. AO has not provided details of impugned addition for years under consideration in the assessment order passed.AO has also not recorded details of alleged cash sales from sales register that was unaccounted by assessee. The issue needs to be remanded to Ld.AO with a direction to provide details of impugned additions for relevant assessment years were identified by Ld.AO to be unaccounted in the books of account. Assessee is directed explain the cash sales found in the sales register alleged to be unaccounted with supportive documents. Ld.AO is directed to pass a detailed order after considering the material is filed by assessee in support of its claim in accordance with law. - Decide in favour of assessee for statistical purposes.
|