2013 (3) TMI 862

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.... Per Bhavnesh Saini, J.M.: This appeal by the assessee is directed against the order of ld. CIT(A), Gwalior dated 02.11.2012 for the assessment year 2009-10, challenging the order of the ld. CIT(A) in confirming the addition of Rs. 7,46,710/- on account of disallowance of labour expenses and addition of Rs. 50,000/- on account of disallowance out of various expenses. 2. The AO found that t....

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....ons. Therefore, the same may be deleted. On the other hand, the ld. DR relied upon the orders of the authorities below. 4. We have considered the rival submissions and perused the findings of the authorities below. The assessee has filed return of income at Rs. 43,10,930/-. The assessee is a contractor and deriving income from civil contract business and rental income. During the year under con....

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....riod could not file confirmation of certain creditors and also made surrender of Rs. 21,77,485/-, which was added to the income of the assessee. Thus, the addition was not challenged before the ld. CIT(A). If the said addition of Rs. 21,77,485/- is added to the book results of the assessee/returned income, the profit rate of assessee would further enhance considerably, which would be near to the d....