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2017 (1) TMI 809 - AT - Income TaxRevision u/s 263 - addition on account of defective vouchers - Held that:- We find that the assessing officer had framed the assessment specifically on the issue pointed out by the ADI regarding verification of the discrepancies pointed out in the vouchers.Looking to the kind of discrepancies in the vouchers of various expenditure as mentioned above the assessing officer had arrived at the conclusion to make addition on account of defective vouchers. These facts indicate that the assessing officer had taken into consideration, verification and examination the report of the ADI during the course of assessment proceedings. We are not in agreement with the CIT that no inquiries were conducted by the assessing officer. Therefore, considering the above stated facts, findings and material on record we find that the assessment order cannot be said to be erroneous and prejudicial to the interest of revenue. - Decided in favour of assessee.
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