2018 (10) TMI 584

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....naki Mukherjee, Addl. CIT, Sr. D/R ORDER Per J. Sudhakar Reddy, AM :- This appeal filed by the assessee is directed against the order of the Learned Commissioner of Income Tax (Appeals) - Asansol, (hereinafter the 'Ld. CIT(A)'), dt. 17/01/2018, passed u/s 250 of the Income Tax Act, 1961 (hereinafter the 'Act'), relating to Assessment Year 2012-13. 2. The assessee is an individual and i....

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.... in its books of accounts. Out of this Rs. 15,30,797/-, Rs. 13,30,797/-, pertained to the current Financial Year 2012-13 and Rs. 2,00,000/- pertained to the Financial Year 2011-12. Hence the amount of Rs. 13,30,797/-, was added as undisclosed receipts, to the income of the assessee. Aggrieved, the assessee carried the matter in appeal. Before the ld. First Appellate Authority, the assessee pleaded....

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....y transportation work for M/s Impex Ferrotech Ltd. and has not issued the alleged bills for Rs. 13,30,797/-, during the year. It was further submitted that no payment was received or made in this case and as more than two years has lapsed, it is clear that the transactions have not taken place, as no transporter can wait for more than two years without a single payment. No tax was deducted at sour....