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2018 (6) TMI 891 - AT - Income TaxAdditions u/s 69 - understatement of contractual receipts - undisclosed investments - Held that:- AO had treated the contractual amount as one having no material component whereas the assessee had claimed that ₹ 44,16,544/- was material component in the bill raised against the said contractee - AO had not given any finding as to why he had treated the whole contractual amount as having no material component inspite of the assessee’s said claim before him - CIT(A) observed that the identical question arose in the AY 2012-13 in assessee’s own case and since the same contract was executed in the current year for the same contractee, and that there is no other contract having been executed by the assessee, he followed the view taken by him in the AY 2012-13 and granted relief to the assessee - no infirmity in the order passed by the ld CIT(A) - thus the grounds raised by the revenue are dismissed.
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