2025 (7) TMI 234

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....R DR. MANISH BORAD, ACCOUNTANT MEMBER : The captioned appeal at the instance of assessee pertaining to A.Y. 2012-13 is directed against the order dated 25.11.2024 passed by Addl./JCIT(A)-4, Delhi u/s. 250 of the Income-tax Act, 1961 (in short 'the Act') arising out of the Assessment order dated 13.11.2019 passed u/s. 144 r.w.s.147 of the Act. 2. Brief facts of the case are that the assessee ....

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....hat for purchasing the goods he has made payments to parties and also produced the confirmation and prayed for estimation of profits but ld.CIT(A) was not satisfied and he confirmed the addition made by the AO. 3. Now the assessee is in appeal before this Tribunal by raising the following ground : "1. On the facts and in the circumstances of the case and in law, the lower authorities h....

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.... estimated on the turnover of the assessee. 5. We have heard the rival contentions and perused the record placed before us. We observe that the assessee had deposited sum of Rs. 12,11,420/- in his saving bank account held with ICICI bank. Assessee remained non compliant before ld. AO. The documents furnished before the ld.CIT(A) and before us to prove that the assessee is carrying on the busine....