2014 (6) TMI 537

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....ce the appeal is being disposed of ex parte, without the presence of the assessee. 2. The revenue is aggrieved by the decision of the Ld. CIT(A) in granting partial relief to the assessee in respect of the addition made towards suppression of income. 3. The facts relating to the issue under consideration are stated in brief. The assessee is a partnership firm running a bar hotel at a place called Taliparamba. The Department carried out a survey operation u/s. 133A of the Act at the business premises of the assessee on 26/03/2009. At the time of survey proceeding, the assessee agreed to offer additional income of Rs. 40.00 lakhs for the assessment year 2009-10. However, the assessee-firm filed the return of income for the above said ye....

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.... which was considered by the AO to be normal gross profit in bar hotels. The suppressed income was worked out by the AO at Rs.1.13 crores. 5. The assessee submitted before the Assessing officer that the certain expenses, concessions on sales, loss on account of breakage and pilferage, interest on unsecured loans and other expenses were omitted in the accounts. Considering the said expenses, the Assessing officer estimated the suppressed income at Rs. 65.00 lakhs and assessed the same. 6. In the appellate proceedings, the assessee contended that the Assessing officer was not justified in estimating the income without rejecting the books of accounts. It was further submitted that the gross profit declared in the books together with the ....