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2019 (9) TMI 435 - AT - Income TaxUndisclosed income - Addition on the basis of figures as per documents seized from the residence of employee of the assessee group - surrender of extra amount subject to verification - HELD THAT:- On the paper seized in search the advance given is only mentioned and it is nowhere mentioned that what was the dates of the payments and what were the mode of payments. If it is presumed that the payments mentioned on this paper was actually made/realized to this party than the same should have been mentioned on the excel sheet seized from the residence of the assessee. Assessee in his search statement clearly stated that investment mentioned in Col B of the seized excel sheet is subject to verification from books of account and it may be more or at lesser figure. After recording findings, the ld. CIT(A) reached to the conclusion that the addition of ₹ 68,40,468/- is covered by the extra surrender so made by the assessee in his return of income. Findings so recorded by the ld. CIT(A) are as per the material on record. Accordingly, we do not find any justification to interfere in the findings so recorded by the ld. CIT(A), therefore, we uphold the order of the ld. CIT(A) in deleting the addition - Decided in favour of assessee
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