2013 (12) TMI 412

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....ted of income from business Rs. 33,18,338/- and income from other sources Rs. 6,38,993/- respectively. Survey operations were conducted at the business premises of the assessee on 13/09/2010. During the course of survey operations, the assessee admitted additional income of Rs. 30,00,000/- for the current assessment year and the same was offered to tax to cover up the discrepancies relating to turnover and other discrepancies. In confirmity with the admissions given during the course of survey operations, the assessee filed revised return of income on 29/11/2011 declaring revised total income of Rs. 68,42,330/-. As per the original return of income as well as revised return of income there was a claim for refund. So far the assessee did not....

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.... the profit @ 5% of the gross turnover. 6. Still aggrieved, the assessee is in appeal before us and has raised the following grounds of appeal: "1. The order of the CIT(A) is erroneous both on facts and in law. 2. The learned CIT(A) erred in confirming the action of the AO in rejecting the books of account. 3. The learned CIT(A) erred in estimating the profit at 5% of the gross turnover of Rs. 14,19,43,629/-. The CIT(A) ought to have considered the fact that the appellant is not the owner of the transport vehicles and that the appellant is entitled only for the difference in the amounts received and amounts paid. 4. The learned CIT(A) erred in holding that the commission of Rs. 4,59,145/- and the additional income offered of ....