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TMI Blog2013 (6) TMI 660X X X X Extracts X X X X X X X X Extracts X X X X ..... he appellant. In favour of assessee. Unexplained difference in accounts - Held that:- Considering evidences furnished by the appellant which shows that as per assessee's books account, the liability as on 31.03.2005 has been shown at Rs.6,93,220/- and in the books of M/s. Bhavin Industries at Rs.7,54,800/-. Similarly creditor in the name of M/s. Colourtex P. Ltd. in the assessee's book has been shown at Rs.13,04,340/- whereas in the books of account of in case of M/s. Colourtex P. Ltd. the creditors of the assessee has been shown at Rs.14,23,994/-. The appellant had not filed any re-conciliation before the lower authorities as well as before us. Therefore order of the CIT(A) confirmed - assessee's appeal is dismissed. Disallowance @ 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mstances of the case as well as law on the subject, the learned Commissioner of Income Tax (Appeals) has erred in partly confirming the action of assessing officer in sustaining addition of Rs.47,790/- out of total of Rs.1,18,955/- on account of unexplained difference in accounts. 5. On the facts and circumstances of the case as well as law on the subject, the learned Commissioner of Income Tax (Appeals) has erred in confirming the action of the Assessing officer in sustaining disallowance of Rs.23,345/- @ 10% out of 25% on account of telephone, conveyance and miscellaneous expenses. 2. Ground no.1 is against non existing of liability of Rs.1,10,935/-. The A.O. observed that notice u/s. 133(6) was issued in case of M/s. CTX Dyestuff Ltd ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ness of the liability. Therefore, we confirm the order of the CIT(A) and dismiss the first ground of assessee's appeal. 5. Ground no.2 is against partly confirming the addition of Rs.7,560/- by the CIT(A). The A.O. made addition of Rs.7,560/- on the ground that notice on the party was returned unserved by the postal authority with a remark 'not known'. The appellant neither could produce the party nor file any confirmation before the A.O. Thus, he made addition of Rs.7,560/- and CIT(A) has confirmed this addition on the footing of the ground no.1. The assessee submitted before us that assessee had purchased computer cartage vide bill no.20, dated 23.08.2004 and bill no.28, dated 09.10.2004. He also argued that payment had been made by acc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the discount to the tune of Rs.2,856/- as assessee has declared more income and debits less purchase in the accounts in case of M/s. Bhavin Industries whereas the appellant had re-conciled the difference of account to the tune of Rs.71,165/- but remaining amount of Rs. 47,790/- was not re-conciled. Therefore, he confirmed the addition of Rs.47,790/- in case of in case of M/s. Colourtex P. Ltd. The assessee contended before us that this is a liability as per the balance sheet for which he filed the copy of account on M/s. Bhavin Industries at page nos. 14 to 16 of the paper book of the assessee and copy of account from the books account of M/s. Bhavin Industries at page nos. 17 to 20. Similarly, the copy of account in the appellant's book in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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