2015 (10) TMI 2807

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....essee against the order of the ld. CIT(A)-I, Jaipur dated 7-02-2013 for the assessment year 2008-09. 2.1 The ground nos. 1 to 3.1 of the assessee raise following issues. (i) rejection of books of account u/s 145(3) of the Act (ii) estimation of 25% profits on unverifiable purchases amounting to Rs. 9,18,148/- from M/s. Lotus Impex. 3.1 During the course of hearing, the ld. ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....jasthan High Court against this bunch of orders. 4.2 The ld. DR has also confirmed that Revenue has gone in appeal before the Hon'ble Rajasthan High Court. 4.3 At the end of the arguments, both the parties agreed that the issue in question may be set aside to the file of the AO to decide the same afresh after the judgement rendered in the case of Anuj Kumar Varshney & Others vs. ITO (sup....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Conveyance expenses Rs. 24,341/- Freight & Cartage expenses R s. 38,033/- Telephone expenses Rs. 3,915/- Travelling expenses Rs. 99,625/- 5.2 The ld. Counsel for the assessee contends that similar type of disallowances were raised before ITAT in assessment years 2006-07 and 2007-08 which were restricted to Rs. 50,000/- by ITAT. In assessment year 2007-08, the amount of s....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....,000/-.'' It is pleaded that same course of action may be adopted. 5.3 The ld. DR on the other hand contends that the AO made the disallowance on scientific basis by disallowing 10% thereof as the assessee failed to furnish the supporting evidence and records to justify the disallowances. This finding has not been challenged by the assessee. Thus there is no improvement in compliance of the ....