ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, SURAT, SURAT vs. SHRINIDHI ENTERPRIZE , SURAT
Facts
The Revenue appealed against the orders of the CIT(A) for AYs 2015-16 and 2016-17. The appeals pertained to additions made by the AO on account of alleged bogus labour expenses and accommodation entries. The assessee, a real estate developer, had claimed labour expenses and received unsecured loans, which the AO considered bogus.
Held
The CIT(A) deleted the additions made by the AO, finding that the assessee had provided sufficient evidence to prove the genuineness of expenses and loans. The CIT(A) also considered the additional income offered by the assessee during a survey, which subsumed any potential exaggeration of expenses.
Key Issues
Whether the disallowance of labour expenses and addition for bogus unsecured loans were justified based on the evidence provided by the assessee and the additional income offered.
Sections Cited
Section 139(1), Section 143(3), Section 147, Section 132, Section 133A, Section 44AD, Section 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 :