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2018 (6) TMI 1507 - AT - Income TaxAddition of Labour Charges - addition on account of Cutting charges - Held that:- Addition is made on presumption basis and without enquiry. Even then, the alternative plea of the assessee was considered and 50% of the income was reduced. When a factual finding is given by the CIT(A) that the addition is made on presumption and that no evidence was found in the impounded material that cutting charges have been levied on the quantity of 2400 MT and when the assessee has furnished confirmations from three parties to that effect, the question of making of addition on this issue does not arise. Hence the entire addition should have been deleted. Hence the addition is deleted and the ground is allowed. Computation of profit of sale of land - Held that:- Merely because the assessee offered income of the purchase and sale of agricultural land, the income cannot be taxed under the Income Tax Act, 1961. Allow the additional grounds filed by the assessee.
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