2025 (9) TMI 1580

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....: Ms. Harpreet Kaur Hansra, Sr. DR ORDER PER ANUBHAV SHARMA, JM, This appeal has been preferred by the assessee against order dated 18.03.2019 of the learned Commissioner of Income Tax (Appeals)-38, New Delhi, in Appeal No.CIT(A), Delhi-38/10318/17-18, arising out of order dated 31.12.2017 passed u/s 143(3)/263 of the Income Tax Act, 1961 (hereinafter referred to as 'the Act') by the ACIT....

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....d the same partly for which assessee is in appeal before the Tribunal raising following grounds; 4. On hearing both sides, we find that primarily the ld. Authorized Representatives of the both sides, rely the cases of their sides as casted below. 5. As regards ground no.1, arising out of disallowance of Rs. 34,20,000/-, we find that the assessee is a proprietor of M/s Amar Bharti & Rashtriya....

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....tors through bank corresponding to bank statement filed in the paper book. It was pointed out that in case of Swati Enterprises, an amount of Rs. 65,000/- is shown in the ledger of the party and the bank statement. In case of City Publicity Rs. 55,000/- were cash payments, however, there is a ledger entry. Further, in case of Forever Advertising, there are two entries of Rs. 30,000/- and Rs. 70,00....

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....rdingly, this ground is allowed for statistical purposes. 6. In ground no.2, we find that the assessee has debited an amount of Rs. 40,71,256/- under the head hording material purchase in his profit & loss account and a disallowance of 10% was made by the Assessing Officer. We find substance in the assertion of the assessee that when the Assessing Officer has verified the purchases from sundry ....