9911796707
TMI Blog2014 (6) TMI 74X X X X Extracts X X X X X X X X Extracts X X X X ..... al has been filed by the revenue for A.Y 2008-09 against the order of the CIT(A), Bikaner, dated 22.03.2013. 2. Briefly stated, the facts of the case are that the assessee is the proprietor of M/s Govind Handicrafts and derives his income from the purchase and sale of handicraft items. For A.Y. 2008-09, he field his Return of Income [ROI] on 30.09.2008, declaring of total income of Rs. 1,46,340/- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CITA) has erred in :- i) deleting addition of Rs 8,16,584/- made a/s 68 of the I.T. Act,1961. ii) deleting addition of Rs. I,73,463/- made on account of disallowance out of expenses. iii) Deleting addition of RS. 34,500/- made on account of low withdrawals for household expenses." 2.2 We have heard the rival submissions and have carefully perused the entire material on record. 2.3 Ground No. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... remand report which was called in relation to the additional evidence, the ld. CIT(A) has admitted the same but the department has not challenged this aspect before us. We have found that the creditors, in question, have admitted their respective credits and have also explained their source(s). The A.O. has not further examined them. Therefore, as per the settled position of law in this regard th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e A.O. has not rejected the books of account. So he cannot disturb the expenses claimed unless any particular expenses is found to have been wrongly claimed. In this case, the A.O. has not doubted the receipts etc and have accepted the same, so the A.O. cannot reject some of the expenses. In this regard, the judgment of the Hon'ble Jurisdictional High Court in the case of CIT Vs. Maharaja Shre ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
