TaxTMI 
TaxTMI 
2014 (3) TMI 1185
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....NDRA POOJARI, A.M: This appeal filed by the assessee is directed against the order dated 8/1/2014 of CIT (A)-II, Hyderabad pertaining to the assessment year 2009/10. 2. The assessee has raised the following effective grounds before us:- "2. The CIT (A) ought to have considered the fact that the appellant company is entangled in problems, which restricted the company from submissions of informa....
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....f accounts was at Rs. 295,10,50,017/- as against total turnover reflected in form No.26AS generated from AST system of ITD application at Rs. 326,78,04,281/- and the difference works out at Rs. 14,77,77,984/-. The assessee was called for explain the difference. The assessee filed reconciliation statement which reads as follows:- TDS as per Books (Rs.) TDS claimed (Rs.) TDS on Other R....
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....tatement showing the reconciliation of the turnover placed at page-48 of the paper book and submitted that the difference of Rs. 3,23,30,176/- and the income on this turnover will be estimated at 8% and not the gross turnover to be considered as income of the assessee. 6. On the other hand, learned DR relied upon the order of the CIT (A). 7. We have considered the submissions of the parties and ....
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....he corresponding expenditure relating to this turnover is not at all booked by the assessee in its books of account. Since the assessee failed to substantiate that the expenditure relating to this turnover has not at all been claimed in its regular books of accounts, we are not inclined to allow the same. Being so, it is to be held that the corresponding expenditure relating to this suppressed tur....