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TMI Blog2013 (6) TMI 662X X X X Extracts X X X X X X X X Extracts X X X X ..... year 2006-07, the assessee has shown only a profit of Rs. 103/-. Persuing the Profit and Loss account for last three years and it was noticed that assessee has not paid any salary or interest to the partners. As that assessee consists of two partners and the partners do not have any other income failure to understand how the assessee was running his household if no salary was drawn from the firm in the absence of any other income. In any case without any charge of interest and salary to partners net profit shown by assessee is unreasonably low. The estimate made by CIT(A) seems to be more than reasonable and therefore, nothing wrong with his order and confirm the same. - ITA No. 748/CHD/2012 - - - Dated:- 21-6-2013 - Shri T. R. Sood And ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er Fuel Rs. 1,86,145/- Rs. 50,000/- disallowed for want of details and bills Intt. Paid Rs. 5,512/- Rs. 5,000/- disallowed for want of details Sales is Rs. 7,53,750/- Rs. 1,50,000/-disallowed for want of details Other insurance Rs. 32,456/- Rs. 15,000/- disallowed for want of details Other expenses Rs. 8,92,976/- Rs. 4,00,000/-disallowed for want of details Audit fee Rs. 18,000/- disallowed as the assessee has not filed any audit report. 4. On appeal before the Ld. C IT(A), it was submitted that even if the assessment is made on best judgment basis, the same has to be done judiciously and on fair basis. In this regard, reliance was placed on va ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n taken up in assessee's case for last many years. 7. On the other hand, the Ld. DR strongly supported the order of the Assessing Officer and CIT(A). 8. After considering the rival submissions, we find that no appearance was made before the Assessing Officer despite various opportunities. It was admitted before us that no action has been taken against the C,.A. The assessee could have at least filed a complaint with the Institute of Chartered Accountant of India as C.A. was engaged by the assessee who has not carried out his assignment as per professional code of conduct. Non appearance seems to be only because assessee did not produce the books of account. Deletion of penalty proceedings cannot prove that there is no fault on the part ..... X X X X Extracts X X X X X X X X Extracts X X X X
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