2011 (3) TMI 1662

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..... Tyagi (Judicial Member) This is Revenue's appeal against the order of Commissioner of Incometax( Appeals)-XI, Ahmedabad in appeal No. CIT(A)-XI/532/JAN-08/07-08 dated 10-10-2008 for the assessment year 2005-06. 2. The Revenue has taken the following ground:- "1. The Ld. Commissioner of Income tax (A)-XI, Ahmedabad has erred in law and on facts in deleting the addition of Rs. 12,03....

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.... books of accounts and he was of the view that the disclosed stock was debited and also credited to the trading account and thereby the assessee has squared up the stock disclosed at the time of survey. Therefore, Assessing Officer made further addition of Rs. 12,03,462/-. Aggrieved by this order of Assessing Officer assessee went in appeal before Ld. CIT(Appeals) and filed detailed submission to ....

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....account, the Ld CIT(A) deleted the addition. Aggrieved by this order, now Revenue is in appeal before us. 4. At the time of hearing Ld. Sr-DR relied on the order of Assessing Officer. None appeared on behalf of assessee despite the fact that notice was duly served on the assessee. However, we have proceeded to decide the issue after going through the records and hearing Ld. SR-DR and we find th....