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2021 (9) TMI 133 - AT - Income TaxEstimation of income - bogus purchases - CIT(A) restricted the addition to the extent of 25% of the alleged bogus purchases - HELD THAT:- Disallowance of 25% of alleged bogus purchases are sufficient to fulfil the possibility of revenue leakage. Thus, we affirm the order of the ld. CIT(A). Deduction under section 80IA - enhanced profit of eligible deduction - assessee made a prayer that once source of income of assessee from eligible unit is accepted, the assessee is entitled for enhanced profit of eligible deduction under section 80IA - HELD THAT:- CIT(A) after appreciating the fact held that when part of the purchases is disallowed and the income is enhanced, the enhanced profit of the unit is also eligible for deduction under section 80IA of the Act. It was also held that deduction is allowed on total income finally assessed and not on the book profit alone, accordingly the Assessing Officer was directed allow the deduction under section 80IA on resultant income confirmed in first appeal. In our view the ld CIT(A) took a reasonable view, which we affirm. No contrary facts or law is brought to our notice to take other view, thus, we affirm the order of the ld. CIT(A). Appeal of the Revenue is dismissed.
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