Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (5) TMI 191 - ITAT AHMEDABADDeletion made on account of commission income for arranging bogus bills - Estimation of commission income – Proper evidences not adduced – Rejection of book results – Section 145 not invoked – Held that:- The assessee was in the activity of arranging bogus bills for certain parties, and he has also admitted the fact - CIT(A) has given a finding that the assessee has introduced Shri Dharmendra Pandya, proprietor of Vishal Traders to various parties - the assessee was in the business of earning commission income and the assessee must have earned commission from M/s.Vishal Traders also – but, no incriminating material was found even after the conduct of the search operation at the premises of the assessee in the form of bills or bank account, or property documents or investment in movable and immovable properties, either on his own name or in the name of any his family members, and once the Department could not place any material on record, even after the completion of search operation, suggesting any movable or immovable assets of the assessee, then, the addition should be restricted – Decided against Revenue.
|