2018 (1) TMI 1678

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.... by : Shri O.P.Chaudhary, DR O R D E R Per Pavan Kumar Gadale, JM This is an appeal filed by the assessee against the order of the CIT(A)- Bilaspur, dated20.8.2013 for the assessment year 2009-2010. 2. The first issue relates to disallowance of Rs. 27,49,190/- by the lower authorities treating the same as advance received for supply of goods as bogus trading liability. 3. The releva....

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....und that M/s. Aditya Renewable Resources used to purchase finished goods from it and the party booked the supplied goods as purchase whereas the assessee firm has booked the same as advance. The assessee explained that the party purchased the goods for a particular project and the whole project material was not sent at a time but sent by four consignments and, accordingly, whenever the whole segme....

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....oice was raised in the financial year 2009-2010 relevant to assessment year 2010-2011. Ld A.R. submitted the paper book disclosing copy of invoice and the calculation of the stock. 6. Ld D.R. relied on the orders of lower authorities. 7. We have heard the rival submissions, perused the orders of lower authorities and materials available on record. The undisputed facts of the case are that an....

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....sessing Officer has to verify whether the assessee has raised sales bills in the assessment year 2010-2011 and pass the order on merits. The Assessing Officer is directed to afford proper opportunity of hearing to the assessee before adjudicating the issue afresh. 8. The next issue relates to addition of Rs. 8,60,783/- as suppressed sales. 9. Ld A.R. of the assessee submitted that the above ....