2014 (1) TMI 1308

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.... Reddy, AM:- This is an appeal filed by the revenue directed against the order of ld. CIT (A),-XIII, New Delhi, dated 24.01.2012 for the A.Y. 2008-09. 2. Facts of the case: The assessee is a company engaged in the business of manufacturing electronics sub assembly for CTV. It filed its return of income, electronically on 26.9.2008, declaring income of Rs.2,85,436/-. The AO passed an order u/....

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.... reasoning given by the AO in making the addition of Rs.34,00,205/-. 3. On the facts and in the circumstances of the case and in law, the learned CIT (A) has erred in deleting the addition of Rs.5,86,000/- on account of Excise Duty. 4. The Ld. CIT (A) has erred in ignoring the findings of the AO that the assessee was following exclusive method of accounting and as such the expenditure on acc....

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....ok the consistent of 21 pages and 12 pages respectively and submitted that the debit note in question was raised by a customer of the assessee, which is not a connected party and hence it is wrong to term this document as a self serving document. He point out that the AO did not verify the claim of the assessee, before rejecting it. It was pointed out that the assessee had not received the said in....

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....receipt of the assessee. We find that the assessee's customer M/s Protonics Systems India Pvt. Ltd. has raised a debit note and has also given a confirmation letter of the turnover, along with particulars of its PAN No. Income-tax assessment details etc. The AO has not conducted any verification or inquiry, on these documents. There is no finding that these evidences are false or incorrect. 9. ....