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TMI Blog2018 (3) TMI 1898X X X X Extracts X X X X X X X X Extracts X X X X ..... dent : Shri N. Madhavan, Addl. CIT ORDER Per A. Mohan Alankamony, AM:- This appeal by the assessee is directed against the order passed by the learned Commissioner of Income Tax (Appeals)- 13, Chennai, dated 18.07.2017 in ITA No.77/CIT(A)-13/2016-17 for the assessment year 2014-15 passed U/s.250(6) r.w.s. 143(3) of the Act. 2. The assessee has raised several grounds in his appeal however the c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd proprietor of M/s. Arun Steel Agencies engaged in the trading of steel and other related items, filed his return of income for the assessment year 2014-15 electronically on 10.09.2014 admitting total income of Rs. 1,44,52,330/-. Initially the return was processed U/s.143(1) of the Act on 01.07.2015 and subsequently the case was selected for scrutiny under CASS and notice U/s.143(2) of the Act w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on estimate basis. Acordingly with respect to the aggregate disallowance of Rs. 32,23,474/- made by the Ld.AO, the Ld.CIT(A) sustained the same for Rs. 31,79,016/-. Thus the entire addition made by the Ld.AO and the amount sustained by the Ld.CIT(A) is only on estimate basis. However considering the prayer of the Ld.AR that the assessee had genuinely incurred the expenditure claimed by him, we fu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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