9911796707
TMI Blog2014 (5) TMI 191X X X X Extracts X X X X X X X X Extracts X X X X ..... ese three appeals by the Revenue and three COs. by the assessee for the assessment years 2007-08, 2008-09 and 2009-10 are directed against the order of the CIT(A). These are being disposed with this consolidated order. 2. At the time of hearing none appeared on behalf of the assessee, nor application for seeking adjournment of the case was filed. On the earlier date of hearing on 12/2/2014 also n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessment years are as under: "1. The ld.AO has grossly erred in estimating commission income of Rs.8,13,705/- (A.Y.2007-08), Rs.67,79,781/- (A.Y.2008-09) and Rs.7,39,631/- (A.Y.2009-10) without adducing any evidence on record and learned CIT(A) has grossly erred in overlooking the fact that there are no evidence that can justify any addition to returned income of the assessee. 2. The ld.AO has ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and was not doing any charity in arranging the bogus bills for other parties, and the AO was justified in estimating the commission income at 2% of the bill amount. He submitted that the CIT(A) was not justified in restricting the addition on account of commission income at 1% of the total amount against 2% estimated by the AO. He relied on the order of the AO. 5. We have considered submissions ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... us bills to any party and no cash was found or seized at the time of search, and that no bank account was maintained by the assessee, and nothing was found during the course of search. However, we find that the CIT(A) has given a finding that the assessee has introduced Shri Dharmendra Pandya, proprietor of Vishal Traders to various parties. We find force in the findings of the CIT(A) that the ass ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he view that the ends of justice shall be met, if the addition is restricted to Rs.2,00,000 (Rs.Two Lakhs) against Rs.4,06,852/- sustained by the CIT(A) for Asstt.Year 2007-08, Rs.17,00,000/- (Rupees Seventeen Lakhs) against Rs.33,89,891/- sustained by the CIT(A) for Asstt.Year 2008-09 and Rs.2,00,000/- (Rupees Two Lakhs) as against Rs.3,69,815/- sustained by the CIT(A) for the Asstt.Year 2009-10, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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