AO cannot make any addition without giving adequate opportunity to assessee
Last updated: 08 May 2013
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
The assessee has raised various grounds in its appeal. However, at the time of hearing before us, the main contention of the learned counsel for the assessee was for setting aside the matter to the file of the Assessing Officer or the CIT(A). He submitted that the Assessing Officer made the huge addition of `23,19,980/- on the ground that there was difference in the outstanding amount as per the confirmation of the debtors and the assessee’s balance sheet.
Citation :
M/s Wadhwa Brothers,Plot No.29A, New Palam Vihar Extension,Dharam Colony, Near Shiv Mandir, Gurgaon – 122 001. PAN: AAAFW6373Q. (Appellant) Vs. Assistant Commissioner of Income Tax, Gurgaon Circle,Gurgaon – 122 001. (Respondent)
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CS Bijoy
Published in Income Tax
Views : 1066
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