2017 (7) TMI 915

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....received, without appreciating that the commission income had a steep fall but the expenses on cartage inward had increased." 2. "On the facts and in the circumstances of the case and in law the learned CIT (A) erred in deleting an addition of Rs. 68,01,864/- as advance received from customers." 2.1 "On the facts and in the circumstances of the case and in law the learned CIT (A) erred in deleting addition of Rs. 68,01,864/- without appreciating that this was in the nature of public deposit which the assessee was not allowed to take as per RBI guidelines and as per the advice of its own Chartered Accountant." 3. "On the facts and in the circumstances of the case and in law the learned CIT (A) erred in deleting an addition of Rs. 86,84....

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....se, leasing at its Head Office at Delhi and Dealership of Tata Commercial vehicles and also operating the service centre for commercial vehicles for Tata Motors Ltd., at Meerut and Saharanpur, under name and style of "Bahadur Motors". Assessing Officer completed assessment by making an addition of Rs. 3,27,20,562/- in the hands of assessee. 4. Aggrieved by additions made assessee preferred appeal before Ld. CIT(A), who deleted the additions and granted substantial relief to assessee. 5. Aggrieved by order of Ld. CIT(A), revenue is in appeal before us now. However, it has been submitted that in terms of additions that has been confirmed by Ld. CIT(A) assessee is not in appeal. 6. At the outset Ld. DR has submitted that assessee has not su....

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....in assessee's case with that of the year under consideration which cannot be faulted with. 8. On the contrary Ld. AR submitted that addition made by Ld. AO on account of commission and discount should be deleted as Ld. AO has completely ignored trading account of Bahadur Motors which has been reproduced by assessing officer at page 18 of assessment order. It has been submitted that assessee had incurred loss in previous assessment year whereas for the year under consideration assessee has earned income of Rs. 96,19,960/-. Further Ld. AR submitted that assessing officer has made addition without establishing that assessee received commission and discount more than recorded in books. He thus places reliance upon decision of Ld. CIT(A). 9. W....

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.... a) Amounts aggregating to Rs. 18.34 lacs had been charged under various workshop expenses at Bahadur Motors Meerut on the strength of invoices / bills of parties generated from workshops own computer system at Meerut during the period April, 2006 to March, 2007. b) An expenditure of Rs. 10.80 lacs has been accounted for relating to repairs of new vehicles and supporting documents were similar to self generated invoice / bills mentioned in (a) above in most of the cases. c) There were irregularities in payment of discount to customers amounting to Rs. 12.21 lacs resulting in loss to the Company. d) Siphoning of income in the absence of internal controls specially relating to job cards for repair work. e) Destruction of certai....