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TMI Blog2022 (7) TMI 483X X X X Extracts X X X X X X X X Extracts X X X X ..... pear before the Tribunal. Hence, we are of the view that the assessee is not willing to pursue his case and accordingly dismiss the appeal filed by the assessee. - I.T.A. No. 335/Viz/2019 - - - Dated:- 28-6-2022 - SHRI DUVVURU RL REDDY , HON BLE JUDICIAL MEMBER And SHRI S BALAKRISHNAN , HON BLE ACCOUNTANT MEMBER Appellant by : None Respondent by : Shri MN Murthy Naik , CIT ( DR ) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nst Balaji Associates (AOP) and Rs. 3,00,000/- against Sunkara Sita Rambabu, totalling to Rs. 96,00,000/-. When the assessee was asked to furnish the confirmations, the AR of the assessee produced copy of the return of income filed by the AOP as a documentary evidence for the A.Y. 2014-15, along with copy of balance sheet/ledger extract of the AOP, in which the investment of the assessee, Sri K. S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eads such as freight, oil petrol, salaries and wages etc in the profit loss account, but could not produce proper bills/vouchers in support of the expenditure claimed except self made vouchers and some are not verifiable. Thus disallowed a sum of Rs. 5,00,000/- towards disallowance of expenditure, assessed the total income of Rs. 14,39,630/- and arrived at the net demand payable of Rs. 2,78,03 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assed the order u/s. 143(3) properly which is not prejudicial or erroneous to the interests of the department and hence unjustified. 3. The Pr. CIT has passed the order u/s. 263 on surmises and gestures and without any basis and hence unjustified. 4. The Pr. CIT, Rajahmundry ought to have considered the explanation submitted by the assessee. 5. The learned Pr. CIT, Rajahmundry is no ..... X X X X Extracts X X X X X X X X Extracts X X X X
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