held that the appellant is allowed to
claim telescopic effect of the additions made and the appellant be
granted consequential relief in accordance with ... profits from unaccounted business activities. The
ld. AR prayed that the telescopic effect of the cash declared may be given to
the assessee against addition
items and huge difference in figures was only due to telescoping effect and
submitted a cash flow contending that he had included entire unaccounted
transaction ... made during
the year, therefore the assessing officer has not given telescoping effect of
this transaction and consider Rs. 1,70,00,000/- as undisclosed
erred in granting the above relief by giving telescopic
effect of the disallowance confirmed by him made on account of
unrecorded sales/purchases whereas ... additional income.
25. Another issue raised by the Revenue is telescopic effect.
26. In this regard learned CIT(A) accepted the contention that during
safely hold that the impugned gifts sum; if they
are given telescoping effect would take care of the assessee's cash deposits
in issue
assessee also
claimed to adjust the same out of the telescoping effect against the payment to
the farmers.
23.1 However, the AO disagreed with ... learned CIT (A) also requested to provide the
benefit of the telescoping of the income admitted by him on account of
commission
further erred in not giving direction to A.O. to give
telescopic effect of addition in the income of current year to the income ... restricted to Rs.15,77,919/- with direction to
give telescopic effect of such addition to the income of the following year".
3. Brief
discrepancies also appear within the cash book and
that fact that the effect of one discrepancy would carry over - to large extent- to
the other ... enhancement of only
about 0.5% after making some small provision for telescoping effects of the
discrepancies in entries found in the cash book
made any separate
addition on this account because of telescopic effect. Since, we have
upheld the addition on account of gross profit on suppressed sales
sought to plead that in ground No.5, he has
asked for telescoping the addition on account of GP with the unexplained
cash credit added ... view that the request for
telescoping has to be accepted and the AO is directed to give telescoping
effect while giving effect to this order
case & in law, erred in not considering
the effect of telescoping while making the additions.
6. The appellant craves for leave to add, alter ... including issue of non-grant of
telescoping effect. Now, issue of telescoping for AY 2008-09, can be decided only
after similar issues get decided
