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2018 (8) TMI 1048 - ITAT CUTTACKAdditions u/s 68 for unexplained cash credit - Addition son account of bogus lease rental expenses - sale and lease-back - non- payment of the entire sale proceeds at the time of sale arrangement - Held that:- CIT(A) observed that the assessee has explained all the points raised by the AO quite satisfactorily in its written submission filed in the course of assessment proceeding, however, the AO has not mentioned as to why the explanations of the assessee are not satisfactory, therefore, the CIT(A) deleted both the additions - Order of CIT(A) confirmed - Decided against the revenue. Additions on account of transmission charges. - Additions on account of travelling expenses - Additions on account of Director's remuneration. - Additions for non-deduction of TDS u/s 40(a)(i) - Additions for prior period expenses. - Held that:- CIT(A) has considered the issues and deleted the additions - ld. DR could not bring out any new material/cogent facts to controvert the above observations of the CIT(A). - Decided against the revenue. Disallowance of deduction by invoking 43B - deposit of electricity duty in a designated account - Payment of crystallized liability - declaration under Section 158A(1) of the Act, 1961 to be made by an assessee claiming that identical question of law is pending before the High Court or the Supreme Court. - Held that:- Matter restored before AO to consider based on the final outcome of the assessee’s appeal in identical issue pending before the Hon’ble High Court for the assessment ear 2009-2010 as mentioned in the Form No.8 - Decided partly in favor of assessee.
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