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2017 (8) TMI 608 - ITAT JAIPURTrading addition - rejection of books of accounts - Held that:- There is no dispute with regard to the gross profit. It is also not undisputed that the assessee is maintaining books of accounts. Moreover, the Assessing Officer has not given any basis for making addition as to how this figure of ₹ 5 lacs as arrived at would be sufficient for estimating the profit. In the absence of such finding, we do not see any reason to interfere into the finding of the Ld. CIT(A), same is hereby affirmed. Disallowance of deduction claimed u/s 80IA - Form 10CCB was not e-filed till the date of assessment proceedings although it was mandatory to file upto 31/10/2013 - reasons for delay - Held that:- The reports in the form no. 10CCB have been filed manually within the due date before the Assessing Officer which could not be uploaded electronically. Further, evidence has been filed in support of the fact that there was a technical issue in filing the report while the assessee had registered on the portal on 29.03.2013 itself as evidenced from the snap shot, yet the same could not be uploaded. In view of the above there has been a reasonable cause for non e-filing of the reports and in view of the fact that the manual reports were filed in time, in view thereof the deduction is allowable. - Decided in favour of assessee.
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