2016 (12) TMI 624

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.... Income Tax Act, 1961 (in short, the Act) dated 16.12.2009. 2. The facts of the case are as stated in brief. The Assessee filed its return of income for A.Y.2007-08 on dated 26.10.2007, declaring a total income of Rs. 1,11,010/-. The nature of the assessee's business is trading of Gwar, refined dal. The case was selected for scrutiny u/s 143(3) of the Act and the AO has completed the assessment by making various additions on dated 16.12.2009. 3. Aggrieved from the order of the ld. AO, the assessee has filed an appeal before the ld. CIT(A), who has also confirmed the action of the AO by observing the followings :- "The relevant records show that after the filing of the instant appeal, the appellant has never made any effort to....

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....the assessee was absolutely reliant on him, the appellant was not aware of the default of the Representative. 2. That on the facts and in the circumstances of the case the affirmation of the addition of Rs. 96,000/- for alleged insufficient drawing without at all going into the merits of the disallowance made by the AO. 3. That the disallowances of various interest totaling RS.4,45,861/- by the AO were arbitrary and without any reasonable cause and such disallowances could not be confirmed in the absence of duly valid reasons. 4. That the principles of natural justice have been violated as the disallowances and the confirmation thereof are made merely for nonappearance without going into the merits and without a s....