2016 (1) TMI 365

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....f the case are that the assessee filed her return of income for assessment year 2007-08 on 20.2.2008 admitting a total income of Rs. 3,72,393/-. The source of income has been shown as 'income from other sources'. As discussed in the case of Shri Mainraj, as a result of the survey/search conducted in the case of M/s Rajarathinam Constructions Pvt. Ltd on 27.2.2008, it was noticed that the assessee had sold a piece of land measuring 3.5 cents situated at Perumbakkam village for a consideration of Rs. 6,75,000/-. The relevant details of this transaction are as under: Sl.No Name of Seller Extent of land Consideration Rs Nature of document Date 01 Smt. Usharani 3.5 cents cents 6,75,000/- Sale deed 01.03.2007 ....

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.... the claim of dealers commission and marketing expenses of Rs. 5,16,650/- and Rs. 2,98,450/- respectively against business income, however, the assessee has not furnished any details of these expenses before the Commissioner of Income Tax (Appeals) nor before the Assessing Officer. It was observed by Commissioner of Income Tax (Appeals) that the aforesaid additions to the income of the assessee, is apparent from the penalty order under appeal, what upheld both by the then Commissioner of Income Tax (Appeals) and the Tribunal. From the facts on records, it is apparent that the assessee had made a wrong claim of the aforesaid expenditure which could not be proven to have been incurred. The aforesaid wrong claim of expenditure resulted in furn....