2003 (6) TMI 196

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....t. yr. 1993-94. 2. The appeal was listed for hearing on 7th Nov., 2002. On that date the appeal was adjourned at the request of the learned counsel for the assessee to 1st Jan., 2003. Thereafter, the appeal has been listed on several dates but none has appeared. Thereafter the appeal was adjourned to 29th April, 2003, and from 29th April, 2003 to 13th June, 2003. For 13th June, 2003, notice dt.....

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....cumstances under which additional evidence could not be filed, the learned CIT(A) held that the case made out by the assessee now that it was prevented by sufficient cause in not filing the additional evidence before the AO was not correct. He, therefore, rejected the request for admitting the additional evidence. 4. After going through the assessment order and the appellate order, we justify t....

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....ax, in our view, the CIT(A) was justified in upholding the order of the AO in treating the credit as non-genuine. It may also be pointed out that this was not the first year of the commencement of the business because for earlier asst. yr. 1992-93 also the assessee had filed return. Further, the assessee had not taken the stand before the AO nor had filed any document to prove that this was the fi....

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....oved as no confirmatory letter was filed from the creditors. After going through the order of the learned CIT(A), we uphold his finding on this issue also. 7. Ground No. 7: This ground is taken for challenging the sustenance of disallowance of interest of Rs. 4,656 paid to the creditors. Since credits appearing in different names have been doubted and addition has been made on account of such c....