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2022 (11) TMI 474 - AT - Income TaxUnexplained expenditure u/s 69C - assessee has wrongly added survey declaration to its closing stock for A.Y. 2012-13 - HELD THAT:- AO said that since closing stock for A.Y. 2012-13 becomes opening stock for A.Y. 2013-14, there needs to be an addition for A.Y. 2013-14. CIT(A) has directed the AO to delete the addition made for A.Y. 2012-13. This order or ld.CIT(A) has attained finality as Department’s appeal against this order has been dismissed by ITAT on the ground of Low Tax Effect. In these facts and circumstances, we agree with the ld.CIT(A)’s order that there is no merit in the addition for A.Y. 2013- 14. Therefore, the AO is directed to delete the addition made for A.Y. 2013-14. Accordingly, grounds of appeal of Revenue are dismissed.
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