TaxTMI 
TaxTMI 
2019 (8) TMI 1055
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....hat Assessment order as well as notice of demand has not been passed and communicated to the appellant within the time limit prescribed in the law and accordingly same is bad in law. Relief Claimed: Impugned assessment order may kindly be quashed. 2. In the facts and circumstances of the case, Learned CIT (A) failed to appreciate that entire assessment proceedings have been carried out by the learned Income Tax Officer in gross violations of principles of natural justice. No information prior to appointing commission u/s 131 (1)(d) was given nor report of such commissions, account statement or other material as submitted by such creditors were ever shared with appellant despite demands. Even opportunity of cross examining ....
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....tion of Rs. 6, I 0.6-+2/- towards difference in account of M/s Annapurna Traders placing excessive reliance on concocted story of depositing cash by appellant with M/s Annapurna Traders without properly applying mind to facts and circumstance of the case and appreciating the probability of such assessee having deposited his own unaccounted money in the name of appellant to avoid tax. Relief Claimed: It is most humbly prayed that the addition of Rs. 6,10,642/- made to the income of appellant on this count may kindly be deleted in full. 6. That in the facts and circumstances of the case, Learned CIT (A) erred in making addition of Rs. 1,44,000/- to the income of the appellant holding that no confirmation of account was submi....
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....the IT act and Interest so charged deserves to be quashed in the facts and circumstances of the case. Relief Claimed: The appellant therefore most humbly prays to delete interest so charged. 10. The Appellant further craves leave to add, alter and/or to amend the aforesaid ground of appeal as and when required." 3. The facts in brief are that the assessee company is engaged in the business of Trading of various agro commodity items i.e. cereals, ginger, coriander and garlic. The assessee has filed his return of income for A.Y. 2013- 14 declaring total income of Rs. 4,00,640/-along with audit report. The case was selected for scrutiny assessment and the assessment u/s 143(3) of the Income Tax Act 1961(hereinafter call....
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....T(A) who after considering the submissions partly allowed the appeal. Thereby, the Ld. CIT(A) confirmed the disallowance of Rs. 9,26,349/- and deleted the addition of Hammali Expenses and out of shop expenses. The other addition out of disallowance of depreciation was confirmed. 5. Now, the assessee is in present appeal. No one appeared on behalf of the assessee however written submissions have been made. The written submissions of the assessee are as under: "The appellant humbly submits that the creditor Shri Naveen & Co. and M/s Maa Annapurna Traders have old balances in the account which was payable on account of the purchases made from them. a. In the case of Naveen & Co. the purchases were made during the financial....
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....rs of the authorities below. 7. We have heard the rival submissions, perused the material available on record. 8. Ground No.1 is against the order being barred by time. No submission is made by the assessee in this regard. Moreover we find that the assessee has not placed any evidence in support of his contention, therefore, ground no.1 of the assessee's appeal is rejected. 9. Ground No.2 is against the violation of principles of natural justice. No argument is addressed or submissions are made in this regard by the assessee. Therefore, we do not see any reason to interfere into the orders so this ground of assessee is dismissed. 10. Ground Nos.3, 4, 5 & 6 are in respect of the addition of unexplained credit balance. Apropos to ....