9911796707
TMI Blog2017 (1) TMI 1686X X X X Extracts X X X X X X X X Extracts X X X X ..... llowing business expenses - CIT(A) observed that the assessee has not been able to demonstrate in any manner as to how the above expenses shown in the computation of income are incurred for the purpose of business and earning of the business income in question - HELD THAT:- The assessee has not been able to file any evidence in the instant appeal so as to substantiate his claim of having incurred all heads of the above expenses by way of car loan interest, depreciation, bank commission, petrol expenses, car expenses, salary and telephone charges. There is not even a single piece of paper in the nature of a self-attested voucher to fortify any of the above claim of expenditure much less than the substantive evidence of ownership of the corr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rs like climate, soil type, crop quality and output, market rate and storage facilities etc. All this resulted in the impugned addition of balance amount of ₹ 3,11,651/- in assessment order dated 18.01.2013. The CIT(A) confirms the same. 3. We have heard both the parties. Relevant finding perused. We reiterate first of all that both the authorities below have disallowed the impugned agricultural expenses @35% of the gross agricultural income thereby enhancing assessee s expenses declared @16.5% (supra). The assessee fails to pinpoint any specific cogent evidence in the case file so as to buttress its case to have derived the impugned agricultural income at a net figure of 85% of the gross amount. Even details of the crops so ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oth the parties. Relevant findings in both the lower authorities orders stand perused. The assessee has not been able to file any evidence in the instant appeal so as to substantiate his claim of having incurred all heads of the above expenses by way of car loan interest, depreciation, bank commission, petrol expenses, car expenses, salary and telephone charges. We make it clear that there is not even a single piece of paper in the nature of a self-attested voucher to fortify any of the above claim of expenditure much less than the substantive evidence of ownership of the corresponding vehicles and their nexus with assessee s business income. We thus find no reason to agree with assessee s expenditure claim in question amounting to ₹ ..... X X X X Extracts X X X X X X X X Extracts X X X X
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