FRIENDS TRANSPORT CARRIER,JAGRAON vs. ITO, JAGRAON
1
IN THE INCOME TAX APPELLATE TRIBUNAL
“A” BENCH, CHANDIGARH
PHYSICAL HEARING
BEFORE HON’BLE SHRI LALIET KUMAR JM
AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM
आयकरअपीलसं./ ITA No.951/CHANDI/2024
(िनधाŊरणवषŊ / Assessment Year: 2020-21)
M/s Friends Transport Carrier
Shop No. 6. Moga Road
Near Swaraj Tractor Agency, Jagraon,
Punjab – 142026
बनाम/ Vs.
ITO
Jagraon
Punjab
˕ायीलेखासं./जीआइआरसं./PAN/GIR No. AAGFF-7789-P
(अपीलाथŎ/Appellant)
:
(ŮȑथŎ / Respondent)
अपीलाथŎकीओरसे/ Appellant by : None
ŮȑथŎकीओरसे/Respondent by :
Dr. Ranjit Kaur (Addl.CIT) – Ld. Sr. DR
सुनवाईकीतारीख/Date of Hearing
:
17-09-2025
घोषणाकीतारीख /Date of Pronouncement
:
07/10/2025
आदेश / O R D E R
Manoj Kumar Aggarwal (Accountant Member)
Aforesaid appeal by assessee for Assessment Year (AY) 2020-21 arises out of an order of learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 08-08-2024 in the matter of an assessment framed by Ld. Assessing Officer [AO] on best judgment basis u/s. 144 of the Act on 20-09-2022. At the time of hearing, none appeared for assessee. Accordingly, the appeal was heard with the able assistance of Ld. Sr.
DR who pleaded for dismissal of the appeal. Upon perusal of case records, the appeal is disposed-off as under.
2. The assessee reflected transport receipts of Rs.81.89 Lacs and claimed deduction of expenditure for Rs.80.31 Lacs u/s 57. The Ld. AO disallowed 75% of the expenses for want of evidences from the assessee and made addition of Rs.60.11 Lacs. Upon further appeal,
Ld. CIT(A) dismissed the appeal for the same very reasons. Aggrieved, the assessee is in further appeal before us.
3. It emerges that the assessee has earned transport receipts and incurred various expenditure against the same. However, the assessee has failed to substantiate the expenditure. Taking cue from presumptive provisions of Sec.44AD, we estimate the income of the assessee @8% of total receipts of Rs.81,89,283/- which comes to Rs.6,55,143/-. The Ld. AO is directed to re-compute the income of the assessee.
4. The appeal stands partly allowed.
Order pronounced on 07/10/2025 (LALIET KUMAR) (MANOJ KUMAR AGGARWAL)
JUDICIAL MEMBER ACCOUNTANT MEMBER
Dated: 07/10/2025
आदेश की Ůितिलिप अŤेिषत /Copy of the Order forwarded to :
1. अपीलाथŎ/Appellant
2. ŮȑथŎ/Respondent
3. आयकरआयुƅ/CIT
4. िवभागीयŮितिनिध/DR
5. गाडŊफाईल/GF
3