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2017 (1) TMI 1150 - HC - Income TaxAddition on account of suppressed sales - ITAT deleted the addition - assessee filed return of income declaring total loss - Held that:- Similar additions made by the Assessing Officer, which were on similar ground viz., suppressed sales, came to be set-aside for A.Y 2004-2005 and AY 2005- 2006 and considering the same, when learned Tribunal has deleted the addition of suppressed sales, it cannot be said that the Tribunal has committed any error. The findings recorded by the learned CIT [A], while making deletion are on appreciation of evidence and there was justification for decline in the gross profit in the earlier years, which also came to be considered by the learned Tribunal. - Decided against revenue
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