9911796707
TMI Blog2014 (6) TMI 599X X X X Extracts X X X X X X X X Extracts X X X X ..... de – Decided in favour of Assessee. Addition of unexplained credit entries in books of account – Held that:- CIT(A) gave relief to the assessee to the extent of Rs. 15,000/- subject to verification of the confirmatory letter of the creditor Mr. Rajesh Joshi and confirmed the balance addition of Rs. 85,000/- for want of evidence in this respect - no evidence has been brought on record in this respect, thus, there was no need to interfere with the order passed by CIT(A) – Decided against Assesse. - ITA No. 1212/Ahd/2011 - - - Dated:- 30-5-2014 - Sri D. K. Tyagi And Shri N. S. Saini,JJ. For the Petitioner : Sri S. N. Divet ia, A.R. For the Respondent : Sri P. L. Kureel, Sr. D. R. ORDER Per : D. K. Tyagi, Judici ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... against the additional income confirmed by him. 3. Ground No. 1 is general and does not require any adjudication on our part. 4. Ground No. 2 relates to addition of Rs. 8,80,249/- as unaccounted receipt out which assessee claimed expenses of Rs. 7,56,458/-. 5. Brief facts of the case are that assessee is an individual and engaged in the business of security services. He had filed return of income declaring total income of Rs. 1,35,460/-. During the course of assessment proceedings AO noticed that as per AIR information the assessee was holding bank account with UTI bank ltd wherein he had made deposits totaling Rs. 8,80,249/-. When assessee was show caused in this respect, he confirmed the said bank account and deposits of Rs. 8,8 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of business in which assessee is engaged i.e. security services and since expenses are reasonable when compared to the total receipts, deserve to be allowed and therefore addition made by AO by disallowing this expenses and sustained by Ld. CIT(A) is hereby deleted. This ground of the assessee is allowed. 8. Second ground relates to addition of Rs. 1,00,000/- on account of unexplained credit entries in the books of account. 9. The assessee s contention before Ld. CIT(A) was as under:- 3. The second ground of appeal is directed against the addition of Rs 1,00,000/- on account of unexplained credit entries in the books of account. The relevant para of the written submissions filed by the A R. of the appellant are reproduced hereunde ..... X X X X Extracts X X X X X X X X Extracts X X X X
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