9911796707
TMI Blog2020 (12) TMI 593X X X X Extracts X X X X X X X X Extracts X X X X ..... by the assessee is directed against the order of Commissioner of Income Tax (Appeals)-1, Guntur, dated 29/03/2016 for the Assessment Year 2013-14. 2. The assessee has raised the following grounds of appeal: "1. The Ld. Commissioner of Income-tax (Appeals) is not justified in refusing to admitting evidences produced before him though all the evidences are in support of facts already on record o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 18,49,137/- being trade creditors reflected in the Balance Sheet of the assessee. 5. The Ld. AO is not justified in making an addition and the Ld. CIT (Appeals) is not justified in confirming the addition of Rs. 2,98,114/- being provision made towards various expenses (as per the balance sheet) which also include opening balances of earlier years and disallowed in earlier years. 6. The Ld. AO ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o verify unsecured loans from persons who have not filed return of income. The AO has issued notice as per law and subsequently asked the assessee to produce books of account, bills and other information. The assessee did not respond, therefore, assessment was completed u/sec. 144 of the Income Tax Act, 1961 (hereinafter referred to as 'Act') dated 29/03/2016. 4. On appeal, ld. CIT(A) con ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... available on record and orders of the authorities below. 9. It is a fact that the assessee has not filed the details before the AO, however before the ld. CIT(A) the assessee filed paper book and submitted that additional evidence may be admitted u/sec. 46A of the IT Rules, but ld. CIT(A) rejected the same and confirmed the order of the AO. We find that there is negligence on the part of the ass ..... X X X X Extracts X X X X X X X X Extracts X X X X
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