2018 (10) TMI 287

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.... ORDER PER PRASHANT MAHARISHI, A. M. 01. This appeal is filed by The Ld Income Tax Officer, Ward 14 (1), and New Delhi against the order of The Commissioner of Income Tax (Appeals) - V, New Delhi for assessment year 2012 - 13 in case of M/s K. B. Contract (P) Limited. 02. The only ground of appeal is that the learned Commissioner Appeal has erred in law in deleting the addition of Rs. 3....

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....n of Rs. 31,98701/- on account of purchases from only one party. Further the learned AO issued notices under section 133 (6) of the act to six parties. In response to that, information was received from four suppliers. With respect to one supplier amongst them, the difference in the balance was Rs. 1094448/- therefore the dl AO made the addition of that sum. With respect to other two suppliers, as....

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.... The ld departmental representative, Shri Amit Jain vehemently supported order of the learned AO and submitted that when the assessee could not reconcile the difference between balances shown by the assessee with balance of creditors and further no information is received from two creditors u/s section 133 (6) of the act by ld AO, assessee did not furnish any explanation, there is no error in orde....

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....98701/- with respect to Sudhir Gensets Limited as the Ld AO asked the details about the transaction with the assessee, the supplier submitted the information about another party M/s K B Contractor wrongly. Further information was given by the assessee in 154 proceedings, which were rejected by the ld AO. Hence addition on information received with respect to the supplier, the dl CIT (A) deleted th....