1986 (12) TMI 65

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....kash having travelled from the earlier years and there being no fresh credits in these accounts during the accounting period under consideration, the CIT(A) has erred in not having deleted the additions of Rs. 4,30,024 and of Rs. 2,04,500, made by the ITO. It is prayed that the above additions may kindly be deleted and the remaining grounds of appeal taken before the CIT(A) as reproduced by him in his orders, may kindly be disposed of on merit." 2. The facts briefly stated are that the ITO found credits in the accounts of Shri Pradeep Gupta and Ved Paraksh aggregating to Rs. 6,34,524 as under: Rs. 43,0,024 Shri Pradeep Gupta Rs. 2,04,500 Shri Ved Prakash Assessment in this case was made by the ITO under s. 144 of the Act a....

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....ce-sheets for those years were also filed. Copies of the accounts of the two creditors right from the accounting year 1978-79 relevant to the asst. yr. 1979-80 to 1982-83 relevant to the asst. yr. 1983-84 have been filed in the paper book showing old balance being brought forward in these accounts from year to year, and these accounts have been substantiated by the documents filed with the returns of income for those assessment year including the balance-sheets, sundry debtors, etc. These have been verified by us from the assessment record which were produced by the ld. Departmental Representative during the course of hearing the ld. Departmental Representative could not controvert the fact that these documents were filed with the returns o....