9911796707
TMI Blog2015 (9) TMI 1521X X X X Extracts X X X X X X X X Extracts X X X X ..... ng to ₹ 72,355/-. The plea of the assessee is that the income should be estimated at 0.5% on the above said amount of ₹ 14.47 lakhs also. In support of this contention, the assessee has placed reliance on the affidavit filed by the assessee. With regard to the receipts pertaining to accommodation bills, the assessee seems to have proved the same by showing his bank account wherein t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e with the law. - Decided in favour of assessee for statistical purposes - ITA No. 3685/Mum/2014 - - - Dated:- 23-9-2015 - B. R. Baskaran (Accountant Member) And Lalit Kumar (Judicial Member) For the Appellant : H. S. Raheja For the Respondent : Mourya Pratap ORDER Lalit Kumar (Judicial Member) The assessee has filed this appeal challenging the order dated 03-032014 pass ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... genuine transport transactions. The AO estimated income from receipts pertaining to accommodation bills @ 0.5% plus TDS amount deducted there from. In respect of genuine transport bills, the AO estimated the income at 5% of the receipts. Against the income so estimated, the AO also allowed deduction of ₹ 96,724/- and accordingly determined the total income at ₹ 11,32,430/-. 3. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pertaining to genuine transport business was ₹ 14.47 lakhs out of which income was estimated at 5% thereof amounting to ₹ 72,355/-. The plea of the assessee is that the income should be estimated at 0.5% on the above said amount of ₹ 14.47 lakhs also. In support of this contention, the assessee has placed reliance on the affidavit filed by the assessee. 5. With regard to the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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