The Tax Publishers2020 TaxPub(DT) 4791 (Bang-Trib)

INCOME TAX ACT, 1961

Section 68

Where AO made addition for unexplained cash sales, considering that AO failed to provide bifurcations of cash sales added as unaccounted in books of account, and he did not provide details of addition for years under consideration and also did not record details of alleged cash sales from sales register that was allegedly unaccounted by assessee, issue was remanded to AO with a direction to provide details of additions for relevant assessment years.

Income from undisclosed sources - Addition under section 68 - Unexplained cash sales - AO did not provide bifurcations of cash sales added as unaccounted in books of account

Issue was related to addition on account of unexplained cash sales. AO made based on submission made by representative on behalf of assessee, that certain cash sales were not accounted for in books of account. Held: In assessment order passed, AO did not provide bifurcations of cash sales added as unaccounted in books of account. AO did not provide details of addition for years under consideration in assessment order passed. AO also did not record details of alleged cash sales from sales register that was unaccounted by assessee. Issue was remanded to AO with a direction to provide details of additions for relevant assessment years, that were identified by AO to be unaccounted in books of account.

REFERRED :

FAVOUR : Matter remanded.

A.Y. : 2011-12 to 2014-15



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