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2014 (7) TMI 1322 - AT - Income TaxBogus purchases - Difference in the copy of account of Hindusthan Syringes & Medical Devices Ltd. with that of the assessee - HELD THAT:- We find that complete reconciliation i.e. entry of purchase as on 31.03.2008 for an amount of ₹ 11,12,794/- was filed. Once reconciliation is filed and the purchase entry is explained, we find no infirmity in the order of CIT(A) and the same is hereby upheld. This issue of revenue’s appeal is dismissed. Addition of difference in assessee’s accounts and Royal Surgical Pvt. Ltd.’s - HELD THAT:- Assessee got a copy of account in books of Royal Surgical Pvt. Ltd., which was submitted before the AO vide written submission dated 18.11.2010. This copy of account as appearing in the books of creditors i.e. Royal Surgical Pvt. Ltd. was filed before AO and placed on records, clearly indicates that request made by the AO vide letter dated 28.10.2010 has been complied with and there is no discrepancy in the accounts. We find that the CIT(A) has verified the assessment records and considered the ledger copy of that party, which tallies with the assessee firm and hence, the bogus purchases added by the AO has rightly been deleted. We confirm the same. This issue of revenue’s appeal is dismissed. Disallowance of interest paid without deduction of TDS - appellant received form No. 15G from the parties but the said forms were not submitted to the appropriate authority of the I. T. Department - HELD THAT:- This issue is covered by the decisions cited by the A.R. that if the assessee has received form No. 15G then even if the said forms were not submitted to the appropriate authorities, no disallowance can be made u/s. 40(a)(ia). In view of the above, the disallowance is directed to be deleted.” In view of the above reasons, and since the Ld. Sr. DR is unable to produce any contradictory material in the aforesaid order of CIT(A), we find no reason to interfere in the order of CIT(A) and the same is hereby upheld. This issue of revenue’s appeal is dismissed.
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