2018 (11) TMI 789

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....ned CIT(A), New Delhi has erred in upholding the disallowance of Rs. 4,33,654/- on account of Truck Hiring Charges. 3. The Learned CIT (A), New Delhi has erred in upholding the disallowance of Rs. 3,90,311/- on account of Vehicle Running & Maintenance, Business Promotions and Telephone Expenses. 4. The Learned CIT(A), New Delhi has erred in upholding the disallowance of Rs. 4,56,770.0 on account of diesel expenses on trucks. 5. The Learned CIT(A), New Delhi has erred in upholding the disallowance of Rs. 3,45,754/- on account of Salary. 6. The Learned CIT(A), New Delhi has erred in upholding the disallowance of Rs. 1,61,876/- on account of Purchases. 7. The Learned CIT(A), New Delhi has erred in u....

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.... therefore assessment should be quashed. In so far as disallowance of expenses are concerned the counsel stated that the Assessing Officer has given very general reasons and therefore ad-hoc disallowances should not have been made. Per contra the DR strongly supported the findings of the lower authorities. 8. I have given the careful consideration to the orders of the authorities below. The reasons for reopening the assessment read :- "PROPOSAL U/S 147 OF THE INCOME TAX ACT-1961 IN THE CASE OF SHRI HARJEET SINGH 11/1. JANGPURA BHOGAL, NEW DELHI-140014- PAN NO. AARPS3442H ASSESSEMENT YEAR 2005-06. Information has been received from the ACIT Central circle-22, New Delhi Vide F.No. ACIT/CC-22/2011- 12/970 dated 22.03.2012 that a....

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....0000 Cash deposit Mahalaxmi Finance co. 09/09/04 1000000 Harjeet 11/01, Gurudwara Road, Jangpura, .Bhogal, new delhi- 110014. AARPS3442 H Aneja Ji 5C/13, New Rohtak Road, Karol bagh, New Delhi  AAEPA5548H 400000 Cash deposit Mahalaxmi Finance co. The above entries are nothing but undisclosed income of the assessee which has been brought out by taking the accommodation entries from Shri S.K.Gupta. This amount of accommodation entries amounting to Rs. 10,00,000/-, which is the undisclosed income of the assessee, is to be brought to tax as per the provisions of Income Tax Act-1961. In view of the above, I have reason to believe that income to the extent of Rs. 10,00,000/- has escaped assessment in th....