9911796707
TMI Blog2020 (10) TMI 876X X X X Extracts X X X X X X X X Extracts X X X X ..... es of (i) bank statements for the financial year 2010- 11, evidencing the payments made to these parties; (ii) ledger account of all the parties; (iii) purchase invoices from these parties and (iv) sale invoices as issued by the assessee against the purchases made. AO could have made further verifications /enquiries. Without making any verification /enquiry, the AO has made the full addition. In s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 21/09/2020, neither the assessee nor his Authorized Representative (AR) appeared before the Tribunal on the above date. As there is non-compliance by the assessee, we are proceeding to dispose-off this appeal after examining the materials available on record and after hearing the Ld. Departmental Representative (DR). 2. Briefly stated the facts of the case are that the assessee filed his return of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... k statements for the financial year 2010-11, evidencing the payments made to these parties; (ii) ledger account of all the parties; (iii) purchase invoices from these parties and (iv) sale invoices as issued by the assessee against the purchases made. However, the AO was not convinced with the above explanation /reply of the assessee for the reason that no direct evidence like stock register, jour ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... icient compliance during the course of assessment proceedings. Therefore, it is stated by him that the full addition of ₹ 5,37,112/- made by the AO be confirmed. 5. We have heard the Ld. DR and perused the relevant materials available on record. In instant case, as mentioned earlier, the assessee has filed before the AO copies of (i) bank statements for the financial year 2010- 11, evidencin ..... X X X X Extracts X X X X X X X X Extracts X X X X
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