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2008 (7) TMI 540 - HC - Income TaxCircular- Revised monetary limit for litigation by revenue- The assessments of the assessee were completed by the Assessing Officer making several additions including the difference in the closing balance of the deposits between the amount shown in the balance-sheet and the return of income and statements filed subsequently and addition towards interest which was offered only partly by the assessee. Aggrieved by the additions, the assessee carried the matter on appeal before the Commissioner of Income-tax (Appeals), who having satisfied, deleted the addition due to the difference between the balance-sheet figure and the figure given in the statement accompanying the return. Held that- the revenue had not made out any case to prove that the case fell within the four exceptions provided in the circular of the Central Board of Direct Taxes in F.No.279/126/98-IT dated 27.03.2000. Therefore, the appeal had to be dismissed.
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