9911796707
TMI Blog2023 (8) TMI 501X X X X Extracts X X X X X X X X Extracts X X X X ..... ed the cash deposited by the assessee. However, the AO has not given any finding regarding the purchases in the assessment order the AO noted that on inquiry it was found that these firms are closed. The explanation of the assessee is that it had made cash sales to these two parties. AO should have given finding in respect of purchases made by the assessee for the items which were claimed to ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al Centre (NFAC), Delhi, pertaining to the assessment year 2017-18. The assessee has raised following ground of appeal: That on the facts and circumstances of the case, the learned Commissioner of Income-tax (Appeals), National Faceless Appeal Centre, Delhi [ CIT(A) ] erred on facts and in law in the impugned order dated 28.09.2022 passed in Appeal No. CIT(A), Delhi-1/10391/2019-20 confirming ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the assessee preferred appeal before learned CIT(Appeals), who after considering the submissions sustained the addition. Aggrieved against this the assessee is in appeal before this Tribunal. 3. Learned counsel for the assessee vehemently argued that the authorities below were not justified in sustaining the additions. He further reiterated the submissions as made in the written synopsis. He su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... garding the purchases in the assessment order the AO noted that on inquiry it was found that these firms are closed. The explanation of the assessee is that it had made cash sales to these two parties. Considering the totality of the facts I am of the considered view that the AO should have given finding in respect of purchases made by the assessee for the items which were claimed to have been sol ..... X X X X Extracts X X X X X X X X Extracts X X X X
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