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2021 (12) TMI 99 - AT - Income TaxEstimation of income on investment - estimated notional addition at the rate of 6% on the investment - addition being entry fee @ 6% on the investment by the assessee in the shares of unlisted companies treating the assessee as an entry operator and that the assessee is not showing any income which according to him is against the normal human behavior - HELD THAT:- Considering the fact that no such addition has been made in the preceding or in the subsequent assessment years on account of notional income on investment @ 6% as adopted by the A.O. in the instant case and upheld the Ld. CIT(A), therefore, respectfully following the decision of the Hon’ble Supreme court in the case of Excel Industries Ltd.,[2013 (10) TMI 324 - SUPREME COURT] thus hold that the Ld. CIT(A) is not justified in sustaining the addition made by the A.O - Decided in favour of assessee.
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