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2015 (6) TMI 790 - AT - Income TaxComputation of income - applying net rate of 2.24% on the gross receipts by CIT(A) - CIT(A) deleting the addition made on account of 4% commission on debit and credit entries regarding providing accommodation entries - CIT(A) deleting the addition made in respect of TDS amount claimed from M/s PACL India Ltd - Held that:- In almost similar facts identical issues have been decided by the Tribunal in favour of the present assessee. In the present year, also in the case of the assessee, the Assessing Officer has made additions of ₹ 4,28,501/- and ₹ 16,99,945/- on account of TDS amount claimed from PACL India Ltd. and 4% commission on the credit entries in the bank account. Since, the issues raised in the grounds are covered by earlier decision of the Tribunal in the group case of the assessee as well as the recent order of the Tribunal for the similar assessment year 2008-09 we do not find infirmity in the first appellate order. In that case also the Tribunal has upheld the first appellate order on identical issues. Addition made by the AO on account of TDS treating the amount claimed from PACL India Ltd. and PGF India Ltd. as real income of the assessee deleted by the Ld. CIT(A) has been upheld. The Tribunal has also upheld the action of the 1st appellate authority in restricting the addition made on account of 4% commission on debit and credit entries regarding providing of accommodation entries to the said companies to 2.4% of the gross receipt shown in the profit and loss account from the above companies. - Decided against revenue,
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