2023 (2) TMI 1408

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....y the assessee is against the order passed by the Ld. CIT(Appeals), National Faceless Appeal Centre (in short "NFAC"), Delhi on 30.08.2022 for A.Y. 2017-18. 2. The grounds of appeal raised by the assessee are as under: "1. The order passed by the Ld. CIT(A) is against law, equity & justice. 2. The Ld. CIT(A) has erred in law and/or facts in upholding the assessment order passe....

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....ty to add, amend, alter or modify all or any grounds of appeal before final appeal." 3. The assessee is dealing in Gold and Silver in wholesale and retail market in the name of Vimlachal Jewels. The assessee filed return of income for A.Y. 2017-18 on 01.10.2017 declaring total income at Rs. 2,95,250/ -. Notice under Section 143(2) dated 21.08.2018 was issued and served upon the assessee. The As....

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....31,80,000/- as unexplained credit under Section 68 of the Act. 4. Being aggrieved by the assessment order the assessee filed appeal before the CIT(A). The CIT(A) dismiss the appeal of the assessee. 5. At the time of hearing none appeared on behalf of the assessee despite giving notices. There is no change in address and in fact the acknowledgement card issued by postal authorities alongwith ....

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....dya), Sales Register, Purchase Register etc. In fact, the accounting entries are passed in Bank book, Sales register and Stock register were duly recorded by the assessee in its books of accounts as per the statement of facts filed by the assessee. All these contentions were not taken into account by the Assessing Officer as well as CIT(A). The observation of the Assessing Officer as well as CIT(A....