2019 (10) TMI 1301

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....ich is bad in law and liable to be quashed. 2. The Ld. CIT(A) has erred in law and on facts in not appreciating the fact that Principle of Natural Justice not followed by the Ld AO. 3. The Ld. CIT(A) has erred in law and on facts in upholding the addition of Rs. 398521/-, ignoring the facts on merits of the case and statutory provisions of the Act. 4. The Ld. CIT(A) has erred in law and on facts not following binding judgments of the Hon'ble Apex court and Jurisdictional High court & Tribunal on similar facts. 5. The appellant craves leave to add, amend or alter any of the grounds of appeal at the time of hearing of the appeal, if deemed necessary, in the interest of justice and equity. 3. Brief facts ....

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....e assessee as it was originally filed on 27.03.2010 but the AO mentioned it as 07.07.2009. He further stated that income was recorded at Rs. 183110/- by the ld AO whereas, the Assessee filed the return of income at Rs. 276690/-. He further stated that the working of the figure of Rs. 398521/- was also not provided to the Assessee. Thus, he stated that these reasons clearly show that reassessment is not sustainable. He further stated that the Assessee has not claimed any loss but infact has declared the profit of Rs. 186954/-. Therefore, the reasons recorded stating that the assessee has contrived the loss is not correct. He relied upon the series of decisions on various ground to support his contentions. He further submitted that the approv....