9911796707
TMI Blog1985 (4) TMI 147X X X X Extracts X X X X X X X X Extracts X X X X ..... facts and in the circumstances of the case the AAC erred in confirming the order of the ITO who has estimated the business income of the assessee at Rs. 23,770. The assessee has taken an additional ground of appeal, namely, that the ld. AAC erred in holding that no appeal lies against the agreed assessment. 2. The assessee deals in Kirana and Grains. Books of account were produced before the I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tated in the letter of authority given to the counsel are only the statements and explanations as listed in r. 12A of the IT Rules, 1962. As per r. 12A of the IT Rules, 1962 the authorised representative can submit particulars of accounts, statements or other documents supplied to him by the assessee for the preparation of the return of income, and if the Authorised Representative has for the purp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the assessee has been filed before us. Without prejudice to the above contentions, the ld. counsel for the assessee alternatively contended before us that the assessee through oversight produced books of account for the accounting year ending on Diwali 1980 which were relevant for the asst. yr. 1980-81 and not for the asst. yr. 1980-81 which is the assessment year in question. The ITO has verifi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... other hand, supported the order of the AAC. 6. We have carefully considered the facts and circumstance of the case and the submissions on either side. On a perusal of the nothings made by the ITO on the order sheet it is clear that the ITO has estimated the assessee s business income at Rs. 23,770 on the basis of the books of account produced by the assessee for the asst. yr. 1981-82. The accoun ..... X X X X Extracts X X X X X X X X Extracts X X X X
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