2015 (9) TMI 1521

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.... Lalit Kumar (Judicial Member) The assessee has filed this appeal challenging the order dated 03-032014 passed by Ld CIT(A)-33, Mumbai and it relates to the assessment year 2009-10. 2. We heard the parties and perused the record. The assessee is a transport contractor under the name M/s Shika Transport. During the course of assessment proceedings, the AO noticed that the assessee is showin....

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....owed deduction of Rs. 96,724/- and accordingly determined the total income at Rs. 11,32,430/-. 3. The assessee filed appeal before Ld CIT(A) challenging the order of Ld CIT(A) in estimating the income from genuine transport charges at 5%. The assessee filed an affidavit before the Ld CIT(A) to the effect that he has not carried on any genuine transport business and hence entire receipts consist....

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....ssessee has placed reliance on the affidavit filed by the assessee. 5. With regard to the receipts pertaining to accommodation bills, the assessee seems to have proved the same by showing his bank account wherein the cheque received from the parties have been immediately withdrawn by way of cash. The explanation of the assessee was that the cheques received from the parties were deposited into ....