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2015 (7) TMI 735 - AT - Income TaxAddition u/s. 69C - CIT(A) deleted addition - Held that:- It is an undisputed fact that the assessee has filed explanation to each and every entry recorded in the alleged pocket diary. The additions made by the AO are mechanical for example on page-10 of the seized diary marked as A-1, there is no transaction of ₹ 52,000/- on 3.8.2006 or otherwise. Thus the addition made by the AO is without any substance. Further, the allegation of the AO that the payments are without any supporting evidence is also not correct, for example payment of ₹ 28,000/- made to Shree Krupa Roadlines is supported by FAPS, which is part of the paper book filed before the Revenue authorities. We have also gone through the remand report of the AO dt. 8.2.2013. We find force in the contention of the Ld. Counsel that the AO has submitted the remand report without any verification. Considering all these facts in totality and also considering the fact that at the time of search, ₹ 10 lakhs were surrendered in the name of the assessee which has been accepted by the Revenue. Restriction of the impugned addition to ₹ 5 lakhs is justified and therefore we decline to interfere. - Decided against revenue. Disallowance of freight expenses - CIT(A) deleted addition - Held that:- A perusal of the chart to consider the ratio analysis in respect of freight income vis-ŕ-vis freight charges clearly shows that the freight charges claimed by the assessee are reasonable. We, therefore decline to interfere with the findings of the Ld. CIT(A)- Decided against revenue.
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