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TMI Blog2013 (12) TMI 1408X X X X Extracts X X X X X X X X Extracts X X X X ..... nst the order of the ld. C.I.T.(A)- XXXII, Kolkata in Appeal.No.40/CIT(A)-XXXII/09-10/Cir-49/Kol dated 15.02.2010 for Assessment year 2007-08. 2. Shri Gouri Prasad Sen,Advocate represented on behalf of the assessee and Shri Asoke Kumar Dey,.Sr.DR represented on behalf of the Revenue. 3. In the assessee's appeal the assessee has raised the following grounds :- "1. That on the facts and in the cir ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... law and in facts in confirming the addition of Rs.8,02,771 on account of value of undisclosed stock of 1130,664 representing gold deposited by customer for alteration which is a very common practice. 4. That on the facts and in the circumstances of the case C.I.T.(Appeals) grossly erred in confirming estimated addition of Rs.7,10,990 made by the assessing officer on account of investment in mone ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... timated interest income of Rs.77,000 on estimated turnover of Rs.7,77,000 in pawn business. 9.That on the facts and in the circumstances of the case, C.I.T.(Appeals) grossly erred in law in confirming addition of Rs.1640 representing difference in value of closing stock and sale." 4. At the outset it was submitted by the ld. AR that the assessee was serious in his challenge in ground nos.1 and 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y on surmises and conjectures without giving the assessee adequate opportunity to explain the individual items. It was the submission that he had no objection if the issues in the appeal were restored to the file of the AO for re-adjudication and to grant the assessee adequate opportunity to explain the additions with evidences. 5. In reply the ld. DR had no objection to the issues being restored ..... X X X X Extracts X X X X X X X X Extracts X X X X
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