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2019 (8) TMI 1416 - HC - Income TaxEnhancement of profit by enhancing sales value - AO disbelief sales of books and other study material sold at a discount/distributed free of cost even then then some were obtained on discount - HELD THAT:- Since the assessee is working on a missionary spirit, he is required to sell the books/stationery free of cost to the needy students on the recommendations of Principal of each school and for which the list was given to the AO and along with that necessary confirmation from the Principal were filed during the course of assessment proceedings and which have not been doubted by AO. In the circumstances, the contention that there was no material is wrong. The AO disbelieved the material while the Commissioner and Tribunal believed the same. The view taken by the Commissioner and the Tribunal can not be said to be perverse or based on no evidence
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