2025 (9) TMI 1239

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... all the information along with PAN and address of sundry creditors available with him. 2. That the Ld. CIT(A) has erred in imposing the burden of notices sent to creditors under section 133(6) which remained unanswered. 3. That CIT(A) has failed to appreciate that fact that the AO has not given enough opportunity of being heard in the course of assessment proceedings for the sake of natural justice. 4. That Ld. CIT(A) has erred in not accepting the discount offered to customers amounting Rs. 16,72,720/- for which sufficient documentary evidences were furnished to Ld. CIT(A). 5. That CIT(A) has erred in not appreciating the evidences furnished by appellate in the course of proceedings of the case. 6. That Ld. CIT(A) has erred in u....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....spute even after furnishing of all the information alongwith PAN and address of sundry creditors available with him. It is noted that assessee has started a new proprietorship business in the name of M/s RJ Traders dealing in trading of mobile gadgets after shutting down the business in name of M/s United Fashions 2010 during the AY 2012-13. Additions have been made amounting to Rs. 1,12,75,060/- on account of cessation of liability u/s. 41(1) and the amount was received in the new business during the year as advance for supply of goods also the confirmation of major accounts were furnished in the course of assessment proceedings by the parties. It is further noted that addition of Rs. 16,52,720/- has been made on account of non-deduction o....