ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, SURAT vs. SHRINIDHI ENTERPRIZE, SURAT
Facts
The Revenue appealed against the orders of the CIT(A) concerning AYs 2015-16 and 2016-17. The appeals stemmed from additions made by the AO related to alleged bogus labour expenses and accommodation entries/unsecured loans, which were deleted by the CIT(A).
Held
The Tribunal held that the additions made by the AO were not justified, as the evidence relied upon was generalized third-party information without specific link to the assessee. The CIT(A) correctly appreciated that the assessee had provided sufficient evidence for the genuineness of the transactions and that the income surrendered during the survey covered any potential exaggeration.
Key Issues
Whether the additions made by the AO towards alleged bogus labour expenses and unsecured loans were justified in the absence of direct incriminating evidence against the assessee.
Sections Cited
139(1), 143(3), 147, 132, 133A, 44AD, 68
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, SURAT BENCH, SURAT
Before: Shri Sanjay Garg & Shri Bijayananda Pruseth
आदेशानुसार/ BY ORDER,
स�ािपत �ित //True Copy//
स हायक पंजीकार (Asstt. Registrar) आयकर अपीलीय अिधकरण, ITAT,Surat/Ahmedabad 1. Date of dictation (verbatim dictation on computer) : 12.9.2025 2. Date on which the typed draft is placed before the : 12.9.2025/16.9.25 Dictating Member. 3. Date on which the approved draft comes to the Sr.P.S./P.S : 4. Date on which the fair order is placed before the Dictating : Member for pronouncement. 5. Date on which fair order placed before Other Member : 6. Date on which the fair order comes back to the Sr.P.S./P.S. : Pronounced from Surat 7. Date on which the file goes to the Bench Clerk. : 8. Date on which the file goes to the Head Clerk. : 9. The date on which the file goes to the Assistant Registrar : for signature on the order. 10. Date of Despatch of the Order :