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2015 (10) TMI 2807 - ITAT JAIPUREstimation of 25% profits on unverifiable purchases - HELD THAT:- Both the parties agreed that the issue in question may be set aside to the file of the AO to decide the same afresh after the judgement rendered in the case of Anuj Kumar Varshney & Others vs. ITO [2015 (4) TMI 533 - ITAT JAIPUR] after giving the assessee a reasonable opportunity of being heard in accordance with law. Ground No. 2 of the assessee is allowed for statistical purposes. Disallowance of expenses - HELD THAT:- We find merit in the arguments of the ld. DR that the assessee has neither denied the deficiency in the record in question nor has given any improvement in compliance of the record. In view of all these defects, there is no mitigating circumstance to disturb the estimate made by the AO. Assessee has not given any reason to suggest that the estimate is either arbitrary or unjustified. In view thereof, I see no infirmity in the order of the ld. CIT(A). Ground No. 4 of the assessee is dismissed.
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