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2018 (6) TMI 222 - ITAT AHMEDABADRejection of the books of accounts - Held that:- Assessee was not maintaining such accounts which may show the correct position of raw material /production of finished goods/remaining stock/shortage etc and detail of day to day consumption of raw material - assessee was not maintaining the quantitative records of consumption and production and there were other discrepancies found in respect of maintaining record - thus AO has correctly invoked the provisions of section 145 - Decided against the assessee. Unexplained expenditure incurred for marriage of son - Held that:- CIT held that no separate addition on this account is required as the same has to be telescoped against the addition on account of other additions. We have already reduced the other additions in the case of the assessee, therefore, after taking into account the facts and circumstances of the case we do not find any merit in the appeal of the assessee Additions of unaccounted sales - Held that:- There are so many factors which affect the net production and shortage, non-excisable products, ferrous and non-ferrous scrap etc., the Ld. CIT(A) has provided adequate relief to the assessee by restricting the addition to the extent of ₹ 19 lac being 50% - the fact that there are incomplete maintenance of records by the assessee we considered it will be appropriate to restrict the disallowance to the extent of 16 lacs - appeal of the assessee is partly allowed.
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