2012 (7) TMI 1028

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....K. BILLAIYA (AM): This appeal by the assessee is directed against the order of Ld. CIT(A)- II dt.30.11.2010 for assessment year 2004-05. 2. The assessee has raised four ground of appeal with sub grounds. The sum and substance of the grievance shown by the assessee is that the Ld. CIT(A) erred in confirming the addition made by the AO in breach of the principles of natural justice, in as much....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....fore added the amount of capital introduced by the partner to the tune of Rs. 7,20,000/-. Further the AO also made an addition of Rs. 2,00,000/- on account of discrepancy in the closing stock. 4. Before the Ld. CIT(A) the assessee pleaded that it has not been given the copy of the statement recorded by the AO, therefore the assessee is not in a position to attend the appeal proceedings. However....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....cause it has not received the copy of the statement recorded by the AO during the course of assessment proceedings. 6. The Ld. Departmental Representative strongly supported the orders of lower authorites. 7. We have considered the rival submissions and perused the orders of lower authorities and also the paper book filed by the assessee. We find that on 24.1.2007, 20.12.2007, 3.4.2008, 29.1....