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2019 (1) TMI 460 - AT - Income TaxDeduction u/s 10B - Held that:- We find from the records that even after being required to file the details in respect of bank realization of the export proceeds, the assessee furnished a bank realization certificate for an amount of ₹ 7,21,88,815/- as against total export turnover of ₹ 10,82,68,158/-. Therefore, in the absence of any documentary evidence, the revenue allowed deduction of ₹ 1,03,25,457/- in place of ₹ 1,52,42,322/- as claimed by the assessee. CIT(A) has rightly rejected the claim of the assessee in absence of documentary evidence. No new facts or contrary judgments have been brought on record in order to controvert or rebut the findings so recorded by CIT(A). Therefore, there are no reasons for us to interfere into or deviate from the findings so recorded by the CIT(A). Hence, we are of the considered view that the findings so recorded by the CIT (A) are judicious and are well reasoned. Resultantly, this ground raised by the assessee stands dismissed.
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