Case Law Details
Ms. Priyanka Chopra Vs DCIT (ITAT Mumbai)
Issue- Whether on the facts and in the circumstances of the case and in law, the learned CIT(A) is justified in deleting the addition of Rs.1,20,00,000/- being undisclosed income received during the wedding ceremonies without appreciating the fact that the addition has been made on the basis of statement of assessee’s personal secretary Shri Chand Mishra, who handled and managed her entire business I endorsement and which is corroborated by other evidences seized during the course of search?”
Addition on this account was made by the assessing officer by holding as under:
Further, in the statement recorded on 24-01-2011 of Shri Chand Mishra, the secretary he had admitted that he had arranged 4 wedding functions for the assessee, -wherein an amount of Rs.30 lacs., was charged in cash for each function, which was not accounted for in the books of accounts.
In this regard, in the retraction statement Smt. Madhu Chopra had submitted that such weddings was attended in view of and part of contract with M/s.Cineyug Media & Entertainment FVt Ltd and no cash component has been received. Except the above written retraction, Smt. Madhu Chopra had not submitted any substantive evidence like copy of contract agreement with M/s.Cineyug Media & Entertainment reflecting the attendance of wedding functions as part of their contract nor the details of receipts offered as income of the assessee. Therefore, the cash component for the said 4 weddings is worked out at Rs.1.20 crores and the same is added as unaccounted income of the assessee for A. Y. 2011-12 and is taxed accordingly.
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