Discrepancies in Returns & Non-production of Books: Appeal dismissed Over Unexplained Income

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...