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2018 (10) TMI 1033 - AT - Income TaxGP addition for unaccounted sales - claim of deduction of unaccounted purchases from the unaccounted sales also - amount received by the assessee in cash - the assessee’s representative has submitted that there are certain purchases and sales which are not recorded in the books of account - Held that:- The assessee after receiving the payments from the prospective buyers, repays the same to the suppliers. The assessee is not able to explain the details of unexplained purchases, quantity of the purchases and also the details of unaccounted sales and source for the unrecorded purchases. Under these facts and circumstances of the case, we are of the opinion that the assessee has failed to prove that he made un-accounted purchases. Therefore, his request for GP addition for unaccounted sales cannot be considered. In view of the above, this appeal filed by the assessee is dismissed.
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