2023 (1) TMI 1536

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.... This appeal filed by the assessee is preferred against the order of the CIT(A)-34, New Delhi dated 22.09.2019 for A.Y. 2002 03. 2. The assessee has raised the following grounds of appeal :- 1. That the order passed by the learned AO/ Commissioner of Income-tax (Appeals), is erroneous, contrary to the facts and circumstances of the case, based or surmises sad conjectures, against la....

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....5. Without prejudice to the above, no proper notice was duly served on the Appellant. Hence, the Appellant was prevented by sufficient cause and opportunity provided was inadequate. Without prejudice to the above, the learned AO erred on facts and in law in levying interest under section 234A, 234B and 234C of the Act. 3. The assessee has raised the additional grounds of appeal :- 1. T....

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....T(A) and A.O. has erred on facts and under the law because that the appeal has been pending before Appellate Authority, Excise and Luxury & entertainment Tax, Government of NCT of Delhi, Since 25/08/2005. 4. Representatives of both the sides were heard at length. Case records carefully perused. The quarrel started when the AO received information that during the period 01.04.2001 to March 31.03....

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....eipts was taken at Rs. 5,94,87,500/- and the average profit rate @ 8% and assessed income at Rs. 47,59,000/- and after reducing the declared income of Rs. 9,13,50/- addition of Rs. 47,59,000/- was made. 6. The most pertinent fact which has been ignored by the AO while conducting further enquiries is that the assessee had closed his business on 18.05.2005 as per the letter given to the entertain....