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Discrepancies in Returns & Non-production of Books: Appeal dismissed Over Unexplained Income
Case Law Details
- Case Name
- HIM Restaurants Private Limited Vs ITO (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Delhi
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HIM Restaurants Private Limited Vs ITO (ITAT Delhi)
Discrepancies in Returns & Non-production of Books Prove Fatal for Assessee- No Evidence, No Relief: Restaurants Loses Appeal Before Tribunal
AO, after noticing discrepancies between service tax returns & income declared in ITR, rejected the books of account u/s 145(3). It was observed that during October 2013 to March 2014, no income from hall booking was reported. Further, purchases from ABR Foods & Snacks Pvt. Ltd. raised doubts, unsecured loans were treated as unexplained cash credits, & disallowance was made for delayed d...
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