SHRI RAKESHBHAI J. JADON,,PANCHMAHAL vs. THE ACIT, PANCHMAHAL CIRCLE,, GODHRA

This appeal by the Assessee is preferred against the order of the Ld. CIT(A)- IV, Baroda dated 30.10.2014 pertaining to A.Y. 2010-11.

During the course of the scrutiny assessment proceedings, the A.O. noticed that the assessee has debited Rs. 1,64,61,640/- as Labour Expenses. Since the expenses were mainly incurred in cash, the A.O. proposed to make a disallowance of 10% of the expenses. Vide order sheet entry dated 24.01.2013, the A.R. of the assessee agreed to the proposed addition. On such concession, the A.O. made addition of Rs. 16,46,164/-.

Assessee carried the matter before the ld. CIT(A) but without any success.

The ld. CIT(A) dismissed the appeal of the assessee being filed beyond the period of limitation. Before us, the ld. counsel could not bring any evidence to controvert the findings of the A.O. who has specifically mentioned that the A.R. of the assessee agreed for the disallowance of 10% of the Labour Expenses.

In our considered opinion, once the assessee himself as agreed for the disallowance, we do not find any merit in his grievance. Appeal is accordingly dismissed. Order pronounced in Open Court on 15 - 01- 2018