2018 (7) TMI 2066

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.... ORDER S.S.Godara,  This assessee's appeal for A.Y.2011-12 arises against the CIT(A)-7, Kolkata's order dated 23.02.2016 passed in Appeal No.556/CIT(A)-7/Kol/R-26/14-15 upholding the Assessing Officer's action adding its customer's advances of Rs. 9,77,500/- as well as disallowance of expenditure claimed of Rs. 1,79,800/- u/s 40(a)(ia) on account of non deduction of TDS; respectively....

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....f outstanding advance could not be made in the impugned assessment year. Coming to the latter component of Rs. 9,77,500/- of advance received during the year, he has invoked section 68 to treat the sum as unexplained cash credits liable to be added. 3. We have heard both the parties reiterating their respective stands against and in favour of the impugned addition. There is no dispute that the ....

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....impugned assessment year. We therefore find no merit in the impugned addition of Rs. 9,77,500/- converted from cessation of liability to unexplained cash credits for this assessment year. The same stands deleted accordingly. 5. Latter issue before us is that of correctness of section 40 (a)(ia) disallowance of Rs. 1.79,800/- out of assessee's total claim of Rs.,3,05,364/-. His only argument bef....