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2011 (8) TMI 1134
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...., AM:- The assessee has filed the appeals against two different orders of the ld. CIT(A), Alwar dated 11-01-2010 for the assessment years 2005-06 and 2006-07. 2. First of all, we take up the appeal of the assessee for A.Y. 2005-06. 2.1 The first ground of appeal of the assessee is that the ld. CIT(A) has erred in estimating the income at Rs. 11,36,584/- against declared income of Rs. 3,12....
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.... (3) assessee has not been able to give evidence in respect of following expenses debited. (a) .Miscellaneous (b) Accounting Charges (c) Telephone expenses (d) Staff welfare expenses (e) Office expenses (4) The AO further noticed that all the expenses have been incurred in cash. The AO accordingly rejected the books of accounts and appli....
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....on of the Tribunal in the case of Heera Lal Katharia (supra) is fully applicable in this case because the transportation receipts in this case are of the same level. Further it was submitted that the transportation receipts also included the transportation receipts from four own trucks and if that income is considered then net profit rate will be at 2.11%. However, there is no evidence to suggest ....
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.... because part of the trading addition has been confirmed. The AO has also not added separately the addition on account of inadequate withdrawals. Hence the addition on account of inadequate withdrawals stands covered by the trading addition confirmed and hence no separate addition of Rs. 40,000/- is required to be made. 4.0 Now we will take up the appeal of the assessee for A.Y.2006-07. 4.1 ....