2018 (3) TMI 1898

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....rairaj Kandiar, CA For the Respondent : Shri N. Madhavan, Addl. CIT ORDER Per A. Mohan Alankamony, AM:- This appeal by the assessee is directed against the order passed by the learned Commissioner of Income Tax (Appeals)- 13, Chennai, dated 18.07.2017 in ITA No.77/CIT(A)-13/2016-17 for the assessment year 2014-15 passed U/s.250(6) r.w.s. 143(3) of the Act. 2. The assessee has raised....

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....9,34,695 29,34,695   Total 3,09,12,157 32,23,474 31,79,016 3. The brief facts of the case are that the assessee is an individual and proprietor of M/s. Arun Steel Agencies engaged in the trading of steel and other related items, filed his return of income for the assessment year 2014-15 electronically on 10.09.2014 admitting total income of Rs. 1,44,52,330/-. Initially th....

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....maintenance expenses, 20% on weighing and unloading charges and 10% on transport charges. On appeal the Ld.CIT(A) granted partial relief to the assessee based on estimate basis. Acordingly with respect to the aggregate disallowance of Rs. 32,23,474/- made by the Ld.AO, the Ld.CIT(A) sustained the same for Rs. 31,79,016/-. Thus the entire addition made by the Ld.AO and the amount sustained by the L....