2013 (11) TMI 207

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....ent:- This appeal by the Revenue for the assessment year 2006-07 is directed against the order of the CIT(A)- I, Surat dated 8.1.2010. 2. The only ground of the appeal of the Revenue is as under:- 1. On the facts and circumstance of the case and in law, the ld.CIT(A) has erred in deleting the addition made by the AO of Rs.9,83,904/-on account of law GP." 3. The learned DR submitted tha....

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....gister and details thereof have been filed from page no.19 to 60 with supporting bills of purchase, item-wise in the compilation filed before the Tribunal and the copies of the same was filed before the AO. He submitted that there is no specific ground taken by the Revenue that the books of accounts were wrongly accepted by the CIT(A), and therefore no GP addition could be sustained. The learned c....

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.... to 14.39% during the relevant assessment year. However, we find that the turnover of the assessee has increased from Rs.2.15 crores of the immediately preceding assessment year to Rs.4.91 crores during the relevant period. This case seems to be based on wrong appreciation of the facts on the part of the AO. The assessee has filed item-wise day-to-day stock register details with supporting bills o....

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....e assessee is maintaining day- to-day stock register and excise record are maintained and the produce-wise quantitative details were submitted to the AO and the valuation of the closing stock with supporting bills was submitted to the AO and that all the purchases and sales are supported by the bills and vouchers and the assessee has maintained all the records which are compulsorily to be maintain....