2014 (5) TMI 357

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.... G. D. Agrawal, VP : This appeal by the assessee is directed against the order of learned CIT(A)-VIII, New Delhi dated 12th February, 2013 for the AY 2004-05. 2. The assessee has raised the following grounds of appeal:- "1. That on the facts and in law CIT(A) was wrong in confirming the addition of Rs.20,00,000/- u/s 68 of the Income Tax Act, 1961. 2. That on the facts and circumstance....

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....s, surmises. 7. That the ld.A.O. in the assessment proceedings has not given proper and adequate opportunity to prosecute the case and passed the order in due haste. 8. That in view of the entire material on record ld.A.O. as well as CIT(A) has failed to give opportunity to the assessee to cross examination Sh. Tarun Goyal. 9. That on the facts and circumstances of the case CIT(A) was wro....

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....nt from the fact that the assessment order was passed on 30.11.2011, i.e., within 13 days. He submitted that if adequate time is allowed, the assessee would make a sincere effort to produce all the shareholders before the Assessing Officer. He also submitted that the assessee will also produce all the relevant evidences to explain the share application money. He, therefore, submitted that the orde....