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2022 (9) TMI 79 - AT - Income TaxAddition of unexplained cash introduced as capital - HELD THAT:- Assessee had not complied in response to notice issued by the AO, no documentary evidences regarding genuineness of such introduction of capital before AO - AO had no other option but Rs. 5,00,000/- introduced capital was treated as unexplained capital investment u/s 69 of the Act and added back to her total income. Subsequently, at the time of hearing before the CIT(A) also the assessee contended that a sum of Rs. 8,00,000/- was withdrawn from assessee’s capital towards intended expenses on 15.04.2011 and part of such withdrawal amounting to Rs. 5,00,000/- was re-deposited to the capital account. Assessee’s submission was not admitted by CIT(A) as because it would be shortfall of Rs. 3,00,000/- in assessee’s capital account even after crediting the net profit for the assessment year in question and the CIT(A) sustained the addition made by the ld. AO, even before us appellant also did not appear and cannot proved any contrary findings of the lower authorities below and accordingly we do not find any infirmity in the impugned order, therefore, we uphold the same. Accordingly, this issue raised by the assessee is dismissed. Addition on account of tanker - HELD THAT:- The value of asset was found missing, subsequently the details in this regard was called for from the assessee. But the assessee never complied to such notices nor file any details during entire assessment proceeding and ultimately the AO had no other option but to estimated at Rs. 1,50,000/- value of tanker for relevant assessment year and added back to the total income of the assessee. Before the CIT(A) also, the assessee did not produce any supported documents to prove the fact contrary and the CIT(a) upheld the order passed by the AO. Even before this Tribunal also, the assessee did not appear and submit any additional evidence or document to prove the fact that the addition was not sustainable - We do not find any infirmity in the findings of ld. CIT(A) and accordingly confirmed the findings made by CIT(A). Accordingly, this issue raised by the assessee is also dismissed. Addition of VAT liability - HELD THAT:- AO on perusal of audited account, it was noticed by the AO that VAT was shown as payable. However, the AO was asked the assessee to submit the copy of challan to support the actual payment of VAT was discharged and accordingly the AO had added back the amount to the total income of the assessee and the assessee while raising this issue before the CIT(A) and the assessee completely failed to show that payment of VAT was discharged and the ld. CIT(A) accordingly confirmed the action taken by the AO in respect of addition made by the AO. While we going through the findings of both the lower authority perusing the orders passed by the authorities below. We do not find any contrary view in respect of the order passed by the authorities below and while deciding this issue and we confirmed the view taken by the ld. CIT(A) in respect of deciding this issue and accordingly this issue raised by the assessee is dismissed. Accordingly, this issue raised by the assessee is dismissed. Addition on account of security deposit - HELD THAT:- AO found that the investment made made as security with LOC never appeared in balance sheet of assessee, further the assessee did not comply and filed any submission to prove the fact contrary to the findings of AO, accordingly the AO treated the deposit as unexplained income of the assessee u/s 69 of the Act and added to the income of the assessee and even before the CIT(A), the assessee did not able to show any submission and documents to prove the fact that the AO was taken contrary view, ultimately, the ld. CIT(A) affirmed the addition made by the ld. AO. We after going through the findings of the authorities below and material available on record, we do not find any infirmity in the order passed by the ld. CIT(A) while deciding this issue, therefore, we confirmed the view taken by the ld. CIT(A). Accordingly, this issue raised by the assessee is dismissed. Unexplained purchase - HELD THAT:- AO while doing the assessment he called for details from the IOC who had sold goods to assessee whereas the assessee had shown purchases from IOC and therefore, it was believed by the AO that the difference amount of purchase was unexplained purchase in the hands of assessee and was added as extra profit earned by the assessee and before the ld. CIT(A), assessee could not demonstrated any verifiable evidence, the ld. CIT(A) confirmed the action of AO. At the time of hearing before this Tribunal, assessee did not appear and submit any evidence or documents to prove the fact contrary, therefore, we do not find any infirmity in the action of ld. CIT(A) while confirming the addition made by the AO. Accordingly, this issue raised by the assessee is dismissed. Disallowance being 30% of expenses claim under the head fuel and repairs, addition on account of bonus and addition on account of sales promotion, travelling conveyance, under the head staff welfare, Misc. and general expenses and addition on account of office expenses and printing and stationery are without any basis made by the lower authorities - HELD THAT:- AO had found that assessee had incurred expenditure under various heads however no proper bills and vouchers for having incurred such expenses, assessee could not produce before the AO and even before the ld. CIT(A) assessee could not able to produce any supported bills, vouchers for such expenses and the ld. CIT(A) confirmed the order passed by the AO in this regard to the above issues. We, after, perusing the record and going through the material available on record and examining the order passed by the authorities below. We also do not find any infirmity in the impugned orders passed by the ld. CIT(A) while deciding the issues raised by the assessee. Accordingly, the issues raised by the assessee are dismissed.
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