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TMI Blog2023 (8) TMI 513X X X X Extracts X X X X X X X X Extracts X X X X ..... g self- made verification of possibilities of personal use - HELD THAT:- Assessee has not filed any document to prove the genuineness of the expenditure claimed other than the ledger accounts. It is observed from the ledger accounts of the car expenses that most of the expenses are in cash. In these facts and circumstances of the case, since assessee failed to produce the documentary evidence to s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... DR. DIPAK P. RIPOTE, AM: This is an appeal filed by the Assessee against the order of ld. Commissioner of Income Tax (Appeals), Bikaner dated 31.12.2019 emanating from the order of Income Tax Officer, Ward-1, Sri Ganganagar under section 143(3) of the Act for A.Y. 2015-16. The grounds of appeal raised by assessee are as under:- 1. In facts and circumstances, Ld. CIT (A) was not justifie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aim for interest u/s 36(1)(iii) or u/s 37 because no interest bearing funds was used this year for such interest-free advance/loan and adequate interest-free creditors worth Rs. 1,25,86,893 also were available. 3. Charging of interest U/s 234D is against law facts. Findings Analysis 4. Heard the Ld. DR and perused the records. None appeared on behalf of the assessee. However, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... penditure. Therefore, Assessing Officer disallowed 10% of the expenditure of Rs. 5,32,209/- i.e. Rs. 53,220/-. The ld. CIT(A) confirmed the addition on the ground that no details were filed before him also. 6. Before us, the assessee had filed a paper book containing 17 pages. Before us also, assessee has not filed any document to prove the genuineness of the expenditure claimed other than the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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