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2022 (11) TMI 1081 - AT - Income TaxUnexplained Cash Credit u/s. 68 - difference in the balance of certain creditors and also for non compliance on the part of sundry creditors in reply to notice issued u/s. 133(6) - HELD THAT:- As the assessee provided complete details of sundry creditors along with the entries in the ledger account in order to show that various cheque return entries have been wrongly considered as purchases by ld.AO. We further find that the ld. CIT(A) after carefully examining the details filed by the assessee, deleted the addition. The above finding of the ld. CIT(A) stands uncontroverted by the ld.DR. Therefore, under the given facts of the case we failed to find infirmity in the findings of the ld. CIT(A). Thus, ground no.1 raised by the revenue is dismissed. Unexplained cash credit on account of sundry creditors balance - HELD THAT:- As alleged addition is mainly on account of balance of the parties pertaining to the earlier year and transfer of balance of the group concern and thus we find no justification for making this addition. No interference is thus called for in the finding of ld. CIT(A) Thus, ground no. 2 raised by the revenue is dismissed. Addition u/s 69C of the Act for unexplained expenditure - difference in payments received by the vendor and the payments made by the assessee - CIT-A deleted the addition - HELD THAT:- CIT(A) after considering the merits of the case and facts indicated that the said difference was on account of cash payment made for purchase of husk, which was used by power and fuel and these cash entries have been duly acknowledged by the seller. The above findings fact by the ld. CIT(A) remains uncontroverted by the ld. DR, Therefore, we failed to find any infirmity in the findings of the ld. CIT(A). Ground no. 3 raised by the revenue is dismissed.
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