2012 (5) TMI 788

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ssee against the impugned order dated 8.11.2011 passed by the learned first appellate authority on the ground that the CIT(A) erred in confirming the disallowance of ₹ 25 lakhs as per para (4) of the assessment order and interest u/s 234B & 234 D of the IT Act . 2. During hearing of this appeal, we have heard Shri R.N. Gupta, learned counsel for the assessee and Shri Arun Dewan, learned Sen....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d their examination is very much required for just conclusion of the issues. The ld. AR also relied on the decision of the Hon'ble Jurisdictional High Court in the case of Shia Dawoodi Bohra Jamat, 10 ITJ 502 (MP). On the other hand, the ld. Sr. DR Shri Arun Dewan submitted that if these documents are accepted then the Assessing Officer may be provided opportunity to examine these documents. ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....as disallowed by the Assessing Officer. Due the reasons beyond the control of the assessee, certain documents comprising of notesheet of discussion with Chief Minister dated 3.5.1997 and 14.8.2000, order of the Collector, Hoshangabad, 7.5.2005, were filed first time before the Bench. Contention of the ld. AR was that all these documents substantiates the genuineness of expenditure so incurred by t....