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TMI Blog2016 (6) TMI 1330X X X X Extracts X X X X X X X X Extracts X X X X ..... t 5% - Held that:- The assessee has not placed grounds and statement of facts filed before the CIT(A) and even in Form-36 the address to which the notice may be sent to the respondent was also wrongly mentioned as ‘Commissioner of Income Tax’ instead of furnishing correct address of the respondent. With regard to issue of estimation of income, the Ld. CIT(A) observed that no contrary decisions ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the CIT(A), Kurnool and it pertains to the A.Y. 2011-2012. 2. At the outset, it may be noticed that the assessee filed elaborate grounds along with statement of facts and case law which is contrary to Rule-8 of the Appellate Tribunal Rules since the grounds of appeal should be concise and there is no provision for filing statement of facts before the Appellate Tribunal. 3. In Form-36, in th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d total income of ₹ 35,11,390 whereas the assessment was completed by estimating the income of the assessee at 5% of the purchase cost. Thus, the A.O. computed the income at ₹ 83,17,764. During the course of assessment proceedings, the assessee produced books of account where A.O. noticed that sales are not supported by bills though purchases are from A.P. Beverages Corporation Ltd., B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... statement of facts filed before the CIT(A) and even in Form-36 the address to which the notice may be sent to the respondent was also wrongly mentioned as Commissioner of Income Tax instead of furnishing correct address of the respondent. 7. With regard to issue of estimation of income, the Ld. CIT(A) observed that no contrary decisions were placed on record and therefore, the Ld. CIT(A) foll ..... X X X X Extracts X X X X X X X X Extracts X X X X
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