2019 (9) TMI 1759

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.... raised at the stage of assessment before the AO which forms part of records. 2. BECAUSE, the Ld CIT(A) was highly unjustified in enhancing the addition by Rs.26,00,000/- made under section 68 of the Act without consideration of the material brought on records of the AO, facts of the case and law. 3. BECAUSE the authorities below were unjustified in making and confirming the impugned addition of Rs.97,31,000/- as deemed income of the appellant (taking the value u/s 56(2)(vii) at Govt. price (For stamp purposes) of Rs.1,12,31,000/-and reducing the actual purchase consideration of Rs.15,00,000/- which action is grossly arbitrary, highly unjust, illegal without any evidence brought on records to justify such huge addition and....

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.... at 25% of the Government fixed value for stamp purposes. 3.6 BECAUSE in any view, the impugned addition made by disallowance of expenses of Rs.39,779/- on account of share trading expenses twice is grossly arbitrary, highly unjust, wrong and illegal and against the peculiar facts and law of the case. 3.7 BECAUSE in any view, the impugned addition made by adhoc disallowance of Rs.50,000/- out of Salary Rs.3,70,000/-, shop expenses Rs.44,173/-, Travelling Expenses Rs.48,657/-, Mobile expenses Rs.5,845/-, Generator Expenses Rs.6,790/- and Accounting charges Rs.18,000/- that too in casual and routine manner without pin pointing any specific item is grossly arbitrary, highly unjust, wrong and illegal. 3.8 BECAUSE, whi....