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Income Tax Appellate Tribunal, “SMC”, BENCH MUMBAI
Before: SHRI R.C.SHARMA
आयकर अपीऱीय अधिकरण, म ुंबई न्यायपीठ ‘एस.एम.सी’, म ुंबई । IN THE INCOME TAX APPELLATE TRIBUNAL “SMC”, BENCH MUMBAI BEFORE SHRI R.C.SHARMA, ACCOUNTANT MEMBER आमकय अऩीर सं./ (नििाारण वषा / Assessment Year :2011-2012) Mr. Raju Thakurdas Vs. DCIT, Circle-2, Kalyan(W)- Jaisinghani, 202, 2nd Floor, 421301 Ratan Deep Apartment, Sapna, Garden Road, Section-17, Ulhasnagar-3, District Thane स्थामी रेखा सं./ जीआइआय सं./ PAN/GIR No. : AGOPJ 7036 K (अऩीराथी /Appellant) (प्रत्मथी / Respondent) .. ननधाारयती की ओर से /Assessee by : Shri Sudhir V. Hunnargirkar याजस्व की ओर से /Revenue by : Shri Neil Philip सुनवाई की तायीख / Date of Hearing : 14/07/2016 घोषणा की तायीख/Date of Pronouncement 27/07/2016 आदेश / O R D E R This is an appeal filed by the assessee against the order of CIT(A), Mumbai, for the assessment year 2011-2012.
In this appeal, the assessee is aggrieved for addition made u/s.2(22)(e) of the I.T.Act.
Rival contentions have been heard and record perused. The facts of the case are that the assessee is engaged in the business of transport hiring services under the name and style M/s Raju Roadlines. The assessee is also a partner in various firms, from where he had received share of profit, interest on capital and remuneration. Besides above income, he had salary income from M/s Dheeraj Estates Pvt. Ltd. During the course of assessment proceedings, the AO noticed that the assessee