2025 (5) TMI 29

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....e assessee. There, the assessee challenged assessment order dated 24.12.2018, whereby its total income was computed at Rs. 93,48,489/-after addition of Rs. 91,19,932/-was made under section 145 of the Act. 3. The addition came to be made as the Assessing Officer was not satisfied about the correctness of the accounts of the assessee, especially, when the assessee failed to produce cash book, bill vouchers and a number of expenses incurred and paid through cash modes could not be verified certain payments having been made through self made vouchers. 4. While applying provisions of section 145(3) of the Act, the Assessing Officer disallowed 10% of the expenses claimed by the assesee, and made the addition noticed above. 5. That is how, mat....

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....." 8. Brief facts of the case are that a survey action u/s. 133A of the Act was carried out at the business premises of the assessee. As per the AST data available with the department, the assessee failed to comply with section 139 of the Act for the year under consideration, despite the fact that the assessee's total business receipt was Rs. 7,96,67,680/-. In view of this figure under the head "business" and non-filing of return, a notice u/s. 148 of the Act was issued vide dated 26.03.2018. In response thereto, the assessee filed a return on 25.04.2018 declaring total income of Rs. 1, 49,170/-, i.e. 0.187% of the Gross Receipts. It was observed by the AO that despite the fact that the accounts of the assessee were liable to tax audit u/....