9911796707
TMI Blog2019 (2) TMI 1193X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee did not produce adequate/supporting bills/vouchers, made adhoc additions by disallowing the above expenses. The assessing officer has not pointed-out as to which supporting bill or voucher of a particular amount have not been produced before him - no adhoc addition could be made by disallowing the expenses. Further, the profit rate of assessee in assessment year under appeal is higher as compared to earlier years and in case, the disallowances are considered, it would enhance the profit rate of the assessee exorbitantly. Thus, there was no reason for assessee to inflate the expenses. The assessing officer has not pointed-out any specific defect in maintenance of books of accounts by the assessee - Decided in favour of assessee - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng officer, accordingly, disallowed adhoc expenses of ₹ 6 lacs under this Head to plug the leakage of the revenue. Similarly, assessing officer noted that assessee had debited ₹ 14,51,360/- on account of repairing and maintenance and on the similar reason that no adequate/ supporting bills/vouchers have been produced to substantiate these expenses, 10% of adhoc expenses were disallowed under this Head. The assessing officer, accordingly, made addition of ₹ 1,45,136/-. 4. These additions were challenge before the Ld. CIT(A). Detailed submission of the assessee is reproduced in the appellate order, in which, the assessee more or less reiterated the same facts. The Ld. CIT(A) asked the assessee to give copy of 26AS as well ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dered, the net profit of the assessee would raise up-to 3.9% which is impossible. The Learned Counsel for the Assessee submitted that assessing officer has not rejected books of accounts, therefore, no adhoc addition can be made and relied upon decision of the Honorable Delhi High Court in the case of RG Buildwell Engineers Limited 2017-(12)-TMI-1614 which is confirmed by the Honorable Supreme Court by dismissing the SLP. Learned Counsel for the Assessee, therefore, submitted that all the additions are unjustified. 6. On the other hand, Ld. D.R. relied upon the orders of the authorities below. 7. After considering the rival submissions, I am of the view that all the additions are wholly unjustified. The assessee has filed paper book i ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
