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TMI Blog2012 (11) TMI 472X X X X Extracts X X X X X X X X Extracts X X X X ..... PTA, VICE-PRESIDENT: This appeal by the Revenue and the CO by the assessee for the assessment year 2006- 2007 is directed against the order of the CIT(A)-V, Baroda dated 16.07.2009. These are being disposed of with this consolidated order. ITA No.2760/Ahd/2009 (Revenue's appeal) 2. At the time of hearing, none appeared on behalf of the assessee and accordingly, the appeal of the Revenue is bein ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r and submitted that the AO has observed that the assessee has shown creditors of Rs.22 lakhs as per the schedule attached with the balance sheet and the assessee has not furnished details called for by the AO. He submitted that the assessee was totally non-cooperative and referred to the conclusion that in the present case, the circumstantial evidence is totally against the assessee. The learned ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... naccounted money or the balance shown in the balance sheet as sundry creditors were fictitious entries. The assessee has submitted before the CIT(A)that these balances consisted of earlier years' balances also. We find that the AO has not made further inquiries in the matter by issuing summons etc. to the creditor parties to verify the genuineness or otherwise of balances in the trade accounts. Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r non-existent, we hold that the addition made was rightly deleted by the CIT(A) and the order of the CIT(A) is accordingly confirmed and the ground of the appeal of the Revenue is dismissed. CO No.281/Ahd/2009 (Assessee's CO) 6. At the time of hearing none appeared on behalf of the assessee. In earlier occasions also the assessee was given number of opportunities, however, did not appear and th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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